Just as the corporate business strategy is central to being able to achieve key goals and ultimately deliver the mission, risk strategy must both assume similar importance.
Marriage of Risk and Quality
Quality assurance has typically been viewed as a separate and distinct discipline from risk management. Yet it lends itself so well to our discipline.
A Risk Standard?
Risk management as a discipline has wandered in the wilderness since its genesis in the 1980s, at least relative to the rigor so many disciplines adopt.
One key element of this governance is the effective construction and use of risk committees.
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.