Recently in ERM-based approach Category

Cruise Ship Accident due to Preventable Operational Risk

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By Steven Minsky on January 16, 2012 12:49 PM 0 Vote 0 Votes
The Costa Concordia, a Carnival Cruise Line owned ship, ran aground resulting in at least 6 deaths. This is a 4,000-passenger, 115,000 -ton cruise mega-ship, with the latest and greatest technology, as it is just 5 years old. As an... Read More..
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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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What the Board Should Know About Cyber Risk

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By Steven Minsky on July 8, 2011 8:00 AM 0 Vote 0 Votes
Recently organizations have been faced with the increasing threat of cyber attacks, whether from external hackers such as lulzsec or from internal attacks such as wikileaks.  Your customers' personally identifiable information, organization's intellectual property, and confidential files are all vulnerable... 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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RIMS Risk Maturity Model Explained - Overview

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By Steven Minsky on March 10, 2011 7:44 AM 0 Vote 0 Votes
Getting the initial commitment for ERM is half the battle for a Risk Manager, and then meeting expectations with concrete results can be just as daunting a challenge. The RIMS Risk Maturity Model (RMM) allows you to score your... Read More..
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ERM vs. GRC: Business Performance verse Myopic Compliance

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By Steven Minsky on February 23, 2011 2:56 PM 1 Vote 0 Votes
ERM is all about delivering measurable business value by tying front line operational activities to organization goals. By organizing risk activities at the business process level, ERM can reach the front-line where risks actually occur and connect those risks across... Read More..
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What does Inflation have to do with Business Continuity?

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By Steven Minsky on January 19, 2011 12:30 PM 0 Vote 0 Votes
People often associate business resiliency with IT but it’s really an enterprise wide problem. Your company may be Fort Knox when it comes to technology issues, but is your company prepared if severe inflation or other risks were to... 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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Evidence links ERM directly to improved business performance

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By Steven Minsky on January 26, 2009 10:39 AM 0 Vote 0 Votes
Articles on ERM typically provide valuable examples, but many risk managers have been asking for quantitative evidence supporting ERM standards. With contributions from the RIMS ERM Committee, I developed the RIMS Risk Maturity Model to meet the need of actionable... 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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