adapt to political risk using enterprise risk management

Domestic Political Risk: Operating in the Uncertainty of a New Era (Part 1)

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 of all sizes, and governments. Starting in 2016, political risk seemed closer to home…

effective risk prioritization

Effective Risk Prioritization is Key to Effective Risk Mitigation

A big mistake in risk management, especially when it comes to companies with newer programs, is underestimating the importance of standardized risk prioritization. Diving into identification and assessments without a sufficient framework inhibits prioritization. This can result in an ineffective risk mitigation strategy, and duplicate work across departments, or even serious risks flying under the…

operational risk management

Risk Identification and Monitoring Ensure Hospitals, Labs, and Retailers Remain in Compliance with EPA Standards

In light of recent events, the Environmental Protection Agency is using new monitoring techniques to evaluate the quality of companies’ classifications and reporting of hazardous materials. Ironically, as we all learned recently, even the EPA itself isn’t immune to catastrophic, if preventable, mistakes. New compliance regulations increase the importance of standardized risk identification, mitigation, and…

risk identification and risk assessments prevent surprises

4 Ways to Prevent Business Surprises with Risk Identification

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 scrutiny of companies by the SEC, PCAOB, and investors. Business surprises are preventable,…