I have three expectations when I read business books: they should be fun to read, void of any Greek letters and equations, and when I am done, I have taken away a few golden nuggets of information. Stick Out Your Balance Sheet and Cough was both fun to read and I took away way more [...]
Archive for September, 2009
Review of Stick Out Your Balance Sheet and Cough
Posted in Books, League of Extraordinary Risk Gentlemen, Thought Leadership, tagged book review, Patterson on September 28, 2009 | 2 Comments »
Dave Ingram’s what ERM is and is not
Posted in ERM Basics, Thought Leadership, tagged ERM, riskviews on September 22, 2009 | Leave a Comment »
I like Dave Ingram sees as ERM An approach to assure the firm is attending to all risks; A set of expectations among management, shareholders, and the board about which risks the firm will and will not take; A set of methods for avoiding situations that might result in losses that would be outside the [...]
ERM survey by Journal of Accountacy
Posted in ERM Basics, Thought Leadership, tagged COSO ERM, ERM, Journal of Accountancy, Trevor Levine on September 22, 2009 | 2 Comments »
The results of a recent survey appear in the Journal of Accountancy. Normally you wouldn’t find me reading anything of the sort but it was titled “ERM: Opportunities for Improvement” so how could I resist? Their survey supports quantitatively what many unemployed risk practitioners already know and what an EVP once said to me, “Trevor, [...]
What to get a risk manager for Christmas
Posted in Frameworks, Humour, tagged 31000, COSO ERM, PwC ERM, Trevor Levine on September 21, 2009 | 1 Comment »
This Christmas season, when you don’t know what to get the one you love because they already have a Nintendo Wii, iPod Touch or Beatles Rock Band, why not give them the gift of voluntary risk management guidelines, the ISO 31000 Risk Management – Principles and Guidelines. Imagine the joy Christmas morning when your loved [...]
Sustainability, risk management and new ideas
Posted in Risk management, tagged emerging risks, risk management, sustainability on September 21, 2009 | Leave a Comment »
I am a big proponent of trying new things and thinking differently because it is not the low-hanging risks that will kill you but the ones you haven’t thought of yet. And where one finds these unknown unknowns is not books with the word “risk” in the title, but in material written about disparate things, [...]
More ERM at colleges and universities
Posted in ERM Basics, Frameworks, Thought Leadership, tagged heat map, PwC ERM, risk management, risk register, universities on September 14, 2009 | 1 Comment »
On September 8, 2009, I published some thought leadership from PwC about ERM in colleges and universities. Today I came across a 2009 survey conducted by the Association of Governing Boards of Universities and Colleges and United Educators about the attitudes, practices, and policies regarding ERM among American colleges and universities. If you are in [...]
ERM policy for United Nations agency
Posted in ERM Basics, Frameworks, tagged 4360, COSO ERM, ERM, IFAD, policy on September 14, 2009 | Leave a Comment »
It’s nice to see that an agency of the United Nations, The International Fund for Agricultural Development (www.IFAD.org), has an enterprise risk management policy. This one is pretty straightforward with a good format and definitions. IFAD ERM policy (Riskczar).pdf They claim to be in bed with COSO ERM on this one but I saw traces [...]
Dangerous pathogens and other shower risks
Posted in Humour, Risk management, tagged dishwasher, mycobacterium avium, risk management on September 14, 2009 | Leave a Comment »
There is a story out today about how shower heads can deliver a face full of dangerous pathogens. According to the story “researchers” analyzed 50 shower heads and found 30 percent “harbored significant levels of a pathogen linked to lung disease called mycobacterium avium.” (I heard this and wondered how many other people heard that [...]
Scott Crowley – Build the Plan, Success will Follow
Posted in Risk management, Thought Leadership, tagged Crisis management, enterprise risk, Meyers Norris Penny, PwC ERM, Scott Crowley on September 11, 2009 | Leave a Comment »
Have a look at something my friend, Scott Crowley wrote. He is a Partner and an Enterprise Risk Services Leader at Meyers Norris Penny LLP in Toronto. In the face of potential extreme events like terrorist attacks, blackouts, widespread pandemics and natural disasters, organizations must be prepared to sustain operations for any eventuality, no matter [...]
A bit more on Hydro One
Posted in ERM Basics, Frameworks, Thought Leadership, tagged enterprise risk, ERM, Hydro One, Olsen, risk, Wu on September 10, 2009 | 3 Comments »
Yesterday I wrote about a Hydro One case study and today I found (completely by accident) an entire chapter dedicated to Hydro One and their ERM effort in Chapter 11 of the book Enterprise Risk Management By David L. Olson, Desheng Dash Wu. You can access a limited preview of this book if you paste this [...]
