uncover your risks

Don’t Let BP’s Disaster Happen to You: Uncover Your Risks Now!

Everyone closely followed the BP saga that began last spring. Could this reputational and environmental catastrophe have been avoided through uncovering weaknesses in their risk management program? The disaster, which is estimated to cost the company up to $37 billion, left a resounding fear in everyone’s mind–could something like this happen to my company? Can I…

realizing the inpact of unidentified risks and cybersecurity threats

ERM vs GRC? SEC Says No to Myopic Approach: Costly Example from Goldman Sachs

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 the organization’s brand reputation, prevent litigation or protect intellectual property infringement. Witness Goldman Sachs. Goldman has…

risk management competency

S&P Issues Risk Management Progress Report

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 risk management is often cited as the root of success or failure. This is in…