Recently in ERM-based approach Category

At lunch recently, I opened my fortune cookie and found this message inside: "Any journey must begin with a single step, and you can be the one to take it." That simple message inspired me to write this blog.Events taking... Read More..
Categories:

Governance is defined by the organizational processes used to make and implement decisions. Good governance is not necessarily making only the "correct" decisions. It's using the best possible risk management process to inform decision-making, which has the potential to impact employees,... Read More..
Categories:

What is Domestic Political Risk?Political risk refers to conditions and events that affect organizations and result from governmental decisions. It can have major effects on the profitability/expected value of economic action. Political risks impact individual investors, public and private companies... Read More..
Categories:

Last year, we blogged about how to develop a successful ERM program. An important goal is fostering a risk-based company culture. This means everyone, not just the appointed risk managers, assimilates risk awareness and works it into their job description.... Read More..
Categories: ,

Risk Management's 3 Basic StepsIn order to be effective, risk management must involve three phases:1. Risk identification & assessment2. Mitigation design & implementation3. Active monitoring of mitigation activitiesIf an organization misses any of these steps or does not directly link them to one another, it... Read More..
Categories: ,

The Financial Industry Regulatory Authority (FINRA) releases an annual letter outlining its Regulatory and Examination Priorities for the upcoming year. In line with letters and rules from other regulatory bodies such as the SEC, NAIC, and FFIEC, the 2016 FINRA Priority... Read More..
Categories: ,

Despite the growing necessity of robust risk management software for companies of all sizes, it's easy to think of risk solutions as akin to insurance, like guardrails that prevent a vehicle from careening off a narrow mountain road; the thought of actually needing them... Read More..
Categories: ,

The concept of cyberattacks, while still disturbing, is no longer as new and unfamiliar as it was five years ago. However, we are still seeing money invested in inefficient and ineffective risk mitigation responses. All the major corporations that have... Read More..
Categories: , ,

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..
Categories: ,

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..
Categories: ,

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 software solutions, and a recognized thought leader in enterprise risk management (ERM). He is the author of the RIMS Risk Maturity Model (RMM) and corresponding 2008 and 2015 State of ERM Reports. Steven is also a patent author in risk and process management technology and an instructor on many ERM and GRC topics.

Recently Commented On

Monthly Archives

Blogs

ADVERTISEMENT