Demanding Good Governance
The true essence of managing risk lies in execution, how well you implement. What is overlooked in getting to effective execution is a process for risk governance.
My Disposition on 'Risk Position'
I've been thinking a lot lately about risk appetite and tolerance, how to measure it, who needs to define and validate it, and how to assign it its ultimate value.
The Goodness of Change
At the heart of innovation is change and that is precisely what most humans resist. Thus the paucity of innovation in certain quarters, risk management being one.
ERM for Everyone
It's really a valid question: is enterprise risk management (ERM) for everyone?
CRO: Chief Risk Optimists?
Much has been written in the last two years regarding the role of the chief risk officer. Lots of opinions have emerged about whether this role is even necessary, let alone worth the investment.
A Checklist of Six
Boards of directors have always had some obligation to ensure that risks are well managed at the firms they oversee.
It's that season again: incessant debate about how commercial insurance brokers are compensated, and why brokers should be allowed to take contingent commissions from commercial insurance underwriters.
With the great debate swirling over the legitimacy of global warming theories, the value proposition for green insurance becomes part of the debate.
Leap Ahead of the Risks
Lots of people and organizations are talking about "emerging risks" these days; few with any consistency.
The Deep ERM Dive
Credit ratings agencies have taken it on the chin in the last year with all the failures among financial institutions, whose ratings may not have reflected their true financial strength or vulnerability to risk.
Risk and Performance
Traditional risk management often relates risks to the prevention and/or control of bad things and their consequences.
Is Reputation a Risk?
Many pundits and other purported experts treat reputation as a risk, and it is often viewed that way among risk practitioners.