GDPR goes live

Source: Airmic. EU members states are now entering the final countdown to the EU General Data Protection Regulations (GDPR), which apply from 25 May 2018, bringing a huge change in data protection. All organisations should be familiar with the main provisions of the GDPR. However, organisations must act now, asking themselves how the GDPR apply to them and take practical steps […]

Catastrophic risks: How can we assess and manage them?

By Ortwin Renn, Klaus Lucas, Armin Haas, Carlo Jaeger. Institute for Advanced Sustainability Studies.  Many catastrophic risks are major threats to the wellbeing of society. Such risks are called systemic risks. They threaten the functionality of vital services to society such as electricity production, water supply, climate stability, cyber security and amny others. With the assisatnce of complex models we may […]

A new posture for cybersecurity in a networked world

Source: McKinsey&Company. By Thomas Poppensieker (Munich) and Rolf Riemenschnitter. As the dangers mount, current approaches aren’t working. Cyberrisk management needs a root-and-branch overhaul. Until recently, financial firms and governments were the primary targets of cyberattacks. Today, with every company hooking up more and more of their business to the Internet, the threat is now universal. Consider the havoc wreaked by three recent […]

The Arctic is sending us a powerful message about climate change. It’s time for us to listen.

Source:  World Economic Forum. Arctic scientists aren’t usually afraid of a little cold. Windy conditions don’t usually get us howling. The beasts we pay attention to are usually polar bears. But last week’s “Beast from the East” triggered a few anxious conversations. Social media memes aside, our problem isn’t this one extreme weather event per se. Our key fear is […]

ISO 31000:2018

The new version of ISO 31000 was published on the 15th of February. The series of reports on the changes against ISO 31000:2009 started last year in October has now been concluded. ISO:”This document is for use by people who create and protect value in organizations by managing risks, making decisions, setting and achieving objectives and improving performance. Organizations of all […]

It’s time for a new social contract

Source: World Economic Forum. Democracy is becoming collateral damage in a world where global risks have been ignored or exacerbated by those with the power to act. The increasing authoritarianism of elected leaders, the actions of entrenched dictators, and the use and threat of military power have brought us to the edge of full-blown crisis. 2017 was a year of […]

Global Forensic Data Analytics Survey 2018

Source: EY. In this report, we look at the findings from our latest Global Forensic Data Analytics Survey. We have analyzed the responses of some 745 executives globally who generously shared their perspectives. Through this analysis, we can see specific ways in which companies can measurably improve their legal, compliance and fraud risk programs, as well as the maturity level […]

The Global Risks Report 2018

Each year the Global Risks Report works with experts and decision-makers across the world to identify and analyze the most pressing risks that we face. As the pace of change accelerates, and as risk interconnections deepen, this year’s report highlights the growing strain we are placing on many of the global systems we rely on. Preface “The World Economic Forum […]

The future of risk management in the digital era

By McKinsey&Company. We collaborated with the Institute of International Finance (IIF) and more than 50 institutions around the world, including banks, regulators, and fintechs, to explore critical questions on the future of risk management. This report aims to answer these questions and shares insights to help organizations navigate a digital transformation of the risk function—now and in the long term. […]

Doughnut Economics

By Kate Raworth Economics is the mother tongue of public policy. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times. Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses […]

The Global State of Democracy

By www.idea.int. The Global State of Democracy: exploring Democracy’s Resilience seeks to address the lack of analytical material on democracy building and the quality of democracy internationally, and to bridge the gap between academic research, policy development and democracy assistance initiatives. It introduces the new Global State of Democracy indices as a key evidence base to inform policy interventions and identify problem-solving […]

Global CO2 emissions increase

The Global Carbon Project (GCP) studies the integrated picture of the carbon cycle and other interacting biogeochemical cycles, including biophysical and human dimensions and their interactions and feedbacks. This broad objective is covered by three themes: a) Diagnostics – Patterns and variability of natural and anthropogenic carbon sources and sinks; b) Vulnerability – Processes and feedbacks of the biophysical-human system; […]

‘Resilience-in-action’ is key to team success

By Kathleen Sutcliffe* The backwoods and business offices seem worlds apart. But a sport in which competing teams navigate wilderness courses using hiking boots, mountain bikes, and boats has provided a Johns Hopkins University researcher with a context for studying how organizations handle adversity. Whether in the wild or in a corporate tower, teams that practice “resilience-in-action“—not just bearing the […]

Moral Emotions and Intuitions

Author: Sabine Roeser | TU Delft | Palgrave McMillan “In Moral Emotions and Intuitions Sabine Roeser very ably sketches a new theory of moral judgments. She blends traditional intuitionism’s commitment to rationality and ethical realism with the best recent work in the philosophy and psychology of emotions to produce an excitingly attractive view that she calls Affectual Intuitionism. Along the way, she provides a […]

Rotterdam Awarded Global Centre of Excellence on Climate Adaptation

By Arnoud Molenaar. In early 2017, The Netherlands announced it would work with Japan and UN Environment to establish a Global Centre of Excellence on Climate Adaptation (GCECA) to help countries, institutions and businesses adapt to a changing climate. And now, we are excited to share that this international knowledge centre will be hosted in two Dutch cities: Rotterdam and […]

Trust in Regulatory Regimes

Edited by Frédérique Six, Associate Professor of Public Governance, Vrije Universiteit Amsterdam, the Netherlands and Koen Verhoest, Research Professor in Public Administration, University of Antwerp, Belgium Within political and administrative sciences generally, trust as a concept is contested, especially in the field of regulatory governance. This groundbreaking book is the first to systematically explore the role and dynamics of trust […]

COSO and the changing Risk Landscape

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) released its highly anticipated ERM Framework: Enterprise Risk Management–Integrating with Strategy and Performance. This new document builds on its predecessor, Enterprise Risk Management–Integrated Framework, one of the most widely recognized and applied risk management frameworks in the world. The updated edition is designed to help organizations create, preserve, and realize […]

Strategy under uncertainty

By Hugh G. Courtney, Jane Kirkland, and S. Patrick Viguerie, June 2000,McKinsey&Company. The traditional approach to strategy requires precise predictions and thus often leads executives to underestimate uncertainty. This can be downright dangerous. A four-level framework can help. At the heart of the traditional approach to strategy lies the assumption that executives, by applying a set of powerful analytic tools, […]

Public-private partnerships

By John O’Dea*,  Timesofmalta.com. The PPP Knowledge Lab defines a PPP as “a long-term contract between a private party and a government entity, for providing a public asset or service, in which the private party bears significant risk and management responsibility, and remuneration is linked to performance”. A fundamental feature in PPP is that normally the government does not own the infrastructure, […]

Increasing risk over time of weather-related hazards to the European population

The report by Giovanni Forzieri, Alessandro Cescatti, Filipe Batista e Silva and Luc Feyen highlights the impact of climate change on health and safety of Europeans. It is clear from this Lancet RELX research, that a huge impact is estimated and in this study calculated. A scala of public risks are quoted throughout the document. The article in The Independent is very clear in the […]

The Urban Resilience Strategy of Rotterdam

Source: 100 Resilient Cities. Rotterdam formally published its resilience strategy on the 16th of May 2016. The executive summary is very clear about the new concept of approaching city management and public governance and the ambitious goals for the near future. “We must come together in a holistic way to face our challenges and take actions that can enhance resilience […]

EU Court: Poland illegal in Białowieża Forest

Poland will continue logging in the ancient forest of Białowieża.  This statement came from the country’s environment minister Jan Szyszko. The EU court has ordered a halt to the practice of this country earlier this week. Has Poland started the process of destroying the last European pristine forest? And has it with that compromised the brand of Poland. The loss […]