Corporate Boardroom Infographic Risk Management

Organizational Governance: Why Are Boards so “Hands Off” with Risk?

Strong organizational governance is a crucial component of sustainable operations, and is defined by the processes senior leadership follows when making and implementing strategic decisions. Without strong governance, it’s impossible to operationalize internal policies, decreasing efficiency, increasing the likelihood of compliance violations, and exposing the organization to unnecessary vulnerabilities. To learn more about how involved…

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Managing Regulatory Changes and Political Risk with Enterprise Risk Management (Part 2)

Read part 1 of this series, “Domestic Political Risk: Operating in the Uncertainty of a New Era.”   Here’s Why Compliance Solutions Are Inadequate for Managing Regulatory Changes Regulatory compliance is mandatory, but it’s not the end goal; it’s the minimum operating standard. For strong companies, compliance is a mere byproduct of performing well and…

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good governance is made possible by ERM

What Is Good Governance, and Why Do We Care?

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, customers, other stakeholders, and the community at large. Optimizing organizational governance is not just recommended,…

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incident prevention preserves your company's reputation.

Incident Prevention, Not Incident Recovery: How to Preserve Your Company’s Reputation

For companies that care about their reputation, incident prevention is a must.  Said best by Warren Buffet, “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” Building and preserving that reputation through proactive incident prevention must be a top priority. Post-scandal…

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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…

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