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…
Monthly Archives: September 2009
Dave Ingram’s what ERM is and is not
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…
ERM survey by Journal of Accountacy
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…
What to get a risk manager for Christmas
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…
Sustainability, risk management and new ideas
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…
More ERM at colleges and universities
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…
ERM policy for United Nations agency
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…
Dangerous pathogens and other shower risks
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…
Scott Crowley – Build the Plan, Success will Follow
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…
A bit more on Hydro One
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,…