Last year Apple released the iPhone 4S and critics pointed out it was pretty much the iPhone 4 with a big-s glued on. Although there were some minor improvements from the iPhone 4, overall it was pretty much the same phone. After reading the ERM white paper “Black Swans Turn Grey” from PwC, it [...]
Posts Tagged ‘ERM’
The iPhone 4S of enterprise risk management
Posted in Thought Leadership, My Opinions, Risk management, Frameworks, tagged ERM, audit, risk management, PwC ERM, change management, iPhone, Black Swan, leadership, Taleb on January 18, 2012 | 1 Comment »
Felix Kloman, the Rocket and risk management
Posted in Books, League of Extraordinary Risk Gentlemen, Risk management, Thought Leadership, tagged ERM, Felix Kloman, hockey on November 22, 2011 | 1 Comment »
I received an email from Felix Kloman last Friday. If you do not know about Mr. Kloman’s work, then I strongly suggest that you click on the Felix Kloman (Legend) link in my Blogroll to find his Risk Management Reports or look for his books The Fantods of Risk and Mumpsimus Revisited: Essays on [...]
ERM, Stephen Covey and my 13-year old son
Posted in ERM Basics, Humour, tagged COSO ERM, ERM, laundry, risk, risk management, Stephen Covey on October 18, 2011 | Leave a Comment »
When my son was 7-years old he asked me what I did for a living. I explained that “Daddy goes to companies and helps them find where all the bad things are.” Ironically, this definition served me well when I had to explain what ERM was to grown ups. While others were quoting definitions from [...]
Risk management oldies but goodies
Posted in Books, ERM Basics, Frameworks, Humour, My Opinions, Office and culture, Risk management, tagged assess, Buffet, CEO, CRO, derivatives, enterprise risk, ERM, Grover, HR, Riskczar, technology, The Monster at the End of This Book, wireless on October 12, 2011 | Leave a Comment »
The good folks at Riskviews got me thinking about my least read posts. I’ve been doing this for a few years and understand that no one wants to scroll through over 300 blog entries to find some gems from 2006. So here are a few items you may have missed that might be worth your [...]
Risk management, Twitter and sugarless gum
Posted in Humour, tagged ERM, gum, PwC, risk management, RMMagazine, Trident, Twitter on October 5, 2011 | Leave a Comment »
I read two articles yesterday which suggested to me that 1-in-5 people in leadership positions are confused. A PwC survey revealed that only “21% of leaders understand the potential value of social media”. In another survey by Greenwich Associates and reported in Risk Management Magazine, “The study finds that less than 20% of participating companies [...]
They will always find a way to screw you
Posted in ERM Basics, Frameworks, Humour, Office and culture, Risk management, tagged Andrew Hill, AS/NZS 4360, COSO ERM, ERM, FT, Globe and Mail, ISO 31000, Maureen Miskovic, Oswald Grübel, risk culture, risk management, UBS on September 20, 2011 | Leave a Comment »
I worked about six shifts at a Burger King in a shopping mall when I was in my teens. I quit because I didn’t care much for wearing the brown pants and hairnet. On my final night, the closing shift, I helped the veterans take the trash out. When we got to the Dumpster my [...]
Lord Voldemort: Risk Manager of the Year
Posted in Books, ERM Basics, Humour, tagged death, ERM, Harry Potter, Horcrux, mitigate, Neville Longbottom, reputation risk, risk, risk management, risk treatment, Voldermort on July 14, 2011 | 2 Comments »
Lord Voldermort would make an excellent risk manager because when he identifies a risk, he assesses it and treats it immediately. Here are a few of my reasons but I welcome additional examples of his risk management in the comment field below. 1. When the young Voldemort (a.k.a Tom Riddle) learns that he was born [...]
Review of Keith Baxter’s book Fast Track to Success: Risk Management
Posted in Books, ERM Basics, Frameworks, League of Extraordinary Risk Gentlemen, Risk management, tagged Dragon Tattoo, ERM, Harry Potter, Keith Baxter, risk management, Seven Habits, Stephen Covey on June 13, 2011 | 1 Comment »
When Keith Baxter published his book Fast Track to Success: Risk Management, I tweeted to him I would read it during the Christmas break last year then review it. At that time I was about halfway through 4100 pages of Harry Potter novels and had a hard time putting down that series to read a [...]
Which risk tolerance vs that risk appetite
Posted in Humour, League of Extraordinary Risk Gentlemen, Thought Leadership, tagged COSO, ERM, Institute of Risk Management, john fraser, risk appetite, risk management, risk tolerance, Strunk and White, theirm on May 13, 2011 | 3 Comments »
Like many of you, I received a request from The Institute of Risk Management to comment on a consultation paper they prepared called “Risk Appetite and Risk Tolerance”. Great title. It’s not my intention to opine on the paper here. I merely wish to confess that I often misuse these two terms much in the [...]
Football, hockey and enterprise risk management
Posted in League of Extraordinary Risk Gentlemen, My Opinions, Risk management, Sports, tagged ERM, hockey, NHL, riskviews, Winnipeg Jets on May 3, 2011 | 1 Comment »
Riskviews writes a great post called Football is about more than just Shoes. He writes that the “equipment never wins the game” but a “team without proper equipment has only a slim chance of prevailing.” Riskviews also reiterates a point I’ve made about ERM (“ERM is about more than just models”): We often place too [...]
