Manage Tomorrow's Surprises Today

Gerry Grimstone, keynote speaker at the IIA's recent conference in London, has a message for senior executives."You can't easily blame a board member for not knowing something," Grimstone said. "But you can blame a board member for creating a culture where he... Read More..
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The Food and Drug Administration recently investigated manufacturers of endoscopes, a device most doctors call "a key tool in detecting and treating medical problems," according to The Washington Post.Such instruments, while vital to modern medicine, are also responsible for infecting hundreds of patients with... Read More..

Governance programs are the unsung heroes of 21st-century business operations. Their situation is analogous to that of football's offensive line.If an offensive line does its job, no one will notice it, but when something goes wrong, the spotlight shifts.Governance personnel... Read More..
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There are many prominent cybersecurity companies, including FireEye and Symantec. These companies "focus on blocking or detecting intrusions as they occur or responding to attacks after the fact," according to The New York Times. Sometimes, this approach yields fruit, but inherently, it cannot "gain... Read More..

Nobody likes surprises in business. Using a risk-based approach to identify your organization's likely vulnerabilities is highly recommended and vital to short-term and long-term success. Expanding regulations make compliance increasingly complex and expensive, and increases in deficient internal audit controls have heightened... Read More..
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While data breaches have dominated the news cycle, The Wall Street Journal's "Risk and Compliance Journal," reports that fraud is actually much more common, even if it generates fewer headlines.In the fiscal year ending March 31st, 2015, instances of retail fraud averaged a 94%... Read More..
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Volkswagen has been side-stepping environmental compliance standards by "programming some diesel-fueled cars to turn on emission controls only when being tested." In the days since this discovery, Volkswagen has been hit with over 30 federal lawsuits and 40%+ decline in... Read More..
CNN's latest news headlines reads, "28 years for salmonella: Peanut exec gets groundbreaking sentence." This story relates to the Peanut Butter Corporation of America's (PBC's) bankruptcy, and the largest food recall in the United States due to salmonella. Known as... Read More..
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Last month, SoulCycle, a well-known high-end cycling business, filed for an initial public offering. In the midst of this exciting transition from private to public, SoulCycle was hit with a lawsuit for violating the Credit Card Accountability and Disclosure Act. One might... Read More..
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Jeanette Franzel, board member of the Public Company Accounting Oversight Board (PCAOB), recently spoke at the American Accounting Association (AAA), according to The Wall Street Journal. She says audit-oversight inspections show a twenty percent increase (since 2013) in internal-control deficiencies of... Read More..
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In this blog, risk expert Steven Minsky highlights the differences between traditional risk management and true enterprise risk management, which is about helping things happen rather than preventing them from happening. Manage Tomorrow's Surprises Today is designed to help you think about risk in new ways and learn how to benefit practically from this rapidly evolving field.

Steven Minsky

Steven is the CEO of LogicManager, Inc. the leading provider of ERM software solutions. Steven is the architect of the RIMS Risk Maturity Model for ERM, author of the RIMS State of ERM Report among many other papers, and a RIMS Fellow (RF) instructor on ERM. Steven has conducted ERM and RIMS Risk Maturity Model training for hundreds of organizations around the globe. Steven is a patent author of risk and process management technology and holds MBA and MA degrees from the University of Pennsylvania’s Wharton School of Business and The Joseph H. Lauder Institute of International Management. You can reach Steven at

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