good governance is made possible by ERM

Ignorance Is No Longer an Excuse for Poor Board Oversight

Gerry Grimstone, keynote speaker at the IIA’s recent conference in London, has a message for senior executives. “You can’t easily blame a board member for not knowing something,” Grimstone said. “But you can blame a board member for creating a culture where he doesn’t know something.” Grimstone spoke at length about the latest example of…

RIMS ERM

Landmark Risk Management Study to be Updated

Last week, at RIMS ERM Conference 2011, we announced that LogicManager and RIMS (The Risk and Insurance Management Society) have selected Queens University Management School (QUM) to update the landmark 2008 study that quantified a direct, positive relationship between the maturity of an organization’s risk management framework and its business performance.  Read the full press release…

risk maturity model

How Do You Audit a Risk Management Program?

With so many risk management standards and government regulations out there that require risk assessments, how should internal audit evaluate the effectiveness of your organization’s risk management program?  How would you apply any one of these frameworks to an audit?  How do you meet the reporting requirements of so many external stakeholders from regulators to investors to…