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What Cantaloupe and Citigroup Have in Common

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By Steven Minsky on October 26, 2011 8:00 AM 0 Vote 0 Votes
Two stories in the news recently have caught my eye: one involving a listeria outbreak caused by tainted cantaloupe, and the other involving Citigroup losing $285 million for defrauding investors. In the cantaloupe story, a nationwide listeria outbreak was traced... Read More..
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5 Reasons to put ERM tools on your GRC shortlist

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By Steven Minsky on April 25, 2011 9:33 AM 0 Vote 0 Votes
If you're considering automating your governance, risk, and compliance (GRC) program there are dozens of choices out there and choosing the one that's best for your program can be challenging. While many tools out there can document controls and... Read More..
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5 Ways to put Risk Appetite into action

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By Steven Minsky on April 12, 2011 8:00 AM 0 Vote 0 Votes
An organization-wide risk appetite can be a powerful statement that gives your risk or compliance program direction.  However, like any policy, risk appetite without accompanying action is nothing more than an idea. So how do you give your risk appetite... Read More..
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Is your GRC program overly focused on compliance?

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By Steven Minsky on March 15, 2011 10:52 AM 0 Vote 0 Votes
No company falls out of compliance over-night.  It's a gradual process resulting from a combination of overlooked issues, that together create a serious problem.  Strangely enough, compliance issues often result from taking an overly compliance-focused approach to risk management; a... Read More..
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ERM vs GRC? SEC Says No to Myopic Approach: Costly Example from Goldman Sachs

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By Steven Minsky on April 19, 2010 7:45 AM 10 Vote 0 Votes
What is the difference between ERM and GRC? Look no further than Friday's news headline Fraud charge deals big blow to Goldman's image. In a statement, Goldman called the commission's accusations "completely unfounded". A GRC approach does little to protect... Read More..
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S&P Issues Risk Management Progress Report

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By Steven Minsky on July 28, 2009 7:53 AM 2 Vote 0 Votes
Standard and Poor’s published their progress report on their integration of Enterprise Risk Management analysis into their non-financial corporate credit ratings evaluations. In observing company performance during the ongoing economic and financial difficulties, S&P has noted that effective or ineffective... Read More..
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SEC Proposes Accountability for ERM at the Board Level

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By Steven Minsky on July 22, 2009 7:45 AM 4 Vote 0 Votes
In my January 2009 blog post, New Congressional Report: A Call to Action for ERM Regulation, I outlined the likelihood of new Enterprise Risk Management regulation and how to prepare for it. As expected, the SEC has acknowledged a lack... Read More..
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New Congressional Report: A Call to Action for ERM Regulation

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By Steven Minsky on January 30, 2009 11:05 AM 3 Vote 0 Votes
Yesterday the Congressional panel overseeing the Troubled Asset Relief Program (TARP) program released a scathing report of the regulatory failures that led to the current financial crisis, Congressional Oversight Panel Special Report on Regulatory Reform. The report concluded “The... Read More..
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The Institute of Internal Auditors: A champion of ERM

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By Steven Minsky on October 29, 2007 12:00 PM 0 Vote 0 Votes
At the recent Institute of Internal Auditors (IIA) event “2007 Risk and Control Conference Featuring Governance, Risk, and Compliance” one of four tracks was dedicated to Enterprise Risk Management (ERM). The role of internal audit has gained in stature as... Read More..
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Risk Management: Problems with spreadsheets?

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By Steven Minsky on September 21, 2006 9:20 AM 0 Vote 0 Votes
One of the key challenges within the risk, performance, compliance and business continuity areas of the corporation is the management of data in spreadsheets and other office files, often referred to as unstructured data. Spreadsheet control issues for accounting processes... 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 Minsky is CEO of LogicManager Inc., a leading provider of ERM infrastructure solutions. He is the developer of the Risk and Insurance Management Society (RIMS) Risk Maturity Model for ERM, author of the RIMS "State of ERM 2008" Report and a RIMS Fellow (RF) instructor on ERM. He 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 steven.minsky@logicmanager.com. View more

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