Complex regulatory structures, new technologies, emerging risks and ever-increasing pressures for greater efficiency and lower costs make the risk management executive’s job challenging, to say the ...
If the Covid-19 pandemic has taught us anything, it is the need to be prepared for a wide range of scenarios. The pandemic has illustrated how corporate leaders and their risk management teams need to ...
One of the problems with many risk management functions, as I see it, is their reporting structure. The ideal is viewed by many (including regulators) as reporting directly to the board or a committee ...
A traditional approach to risk management sees the board or risk committee define the key risks that threaten the non-achievement of their strategic objectives. This typically results in a list of 10 ...
Large corporations typically have internal risk management functions. Many are staffed by individuals with advanced degrees—even Ph.D.s—in areas such as mathematics, statistics, actuarial science, etc ...
The saying goes, “If it ain’t broke, don’t fix it.” However, in the culture of today’s business market, the saying should be adapted to say, “If the existing risk management program is working, still ...
A decade after releasing its landmark national cybersecurity framework, the National Institute of Standards and Technology on Monday released version 2.0, an updated document that emphasizes ...
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