Risk Nason, one of the members of Riskczar’s Secret League of Extraordinary Risk Gentlemen, asks his readers if they could snap their fingers and switch places with anyone in the world, who would it be. Similarly, he asks if you…
Facebook unfriend risk management
Have you ever wanted to delete a Facebook “friend” but worried about the risk of them finding out? On the heels of last week’s “Facebook Unfriend Day” – an idea from comedian Jimmy Kimmel – comes a blog post called THE…
Centre of the risk management universe
Toronto has long believed it was the Centre of the Universe. Well, in risk management circles, perhaps now it is. Last week the Department of Finance Canada announced the creation of the Global Risk Institute in Financial Services or GRi. It…
Risk managers make terrific beekeepers too
I read a blog post titled, How a Risk Manager Could Help Your Business where the author makes the point that any small business could benefit from a well trained risk manager. I agree. Well trained risk managers could work…
White swan vs black swan
I received a nice email from John Fraser the other day, thanking me spreading the good word about ERM through this website. For those of you who are unfamiliar with Mr. Fraser, he co-wrote what I consider to be the…
Fewer people got swine flu shot
Should Public Health really be concerned that so few people received the H1N1 vaccination last winter? http://bit.ly/cbqZAh Do I have to explain this? Last year when the craziness and panic was being spread by the media faster than the swine…
The CRO cannot be expected to do what only the CEO can do
Here’s an excellent op-ed piece in US Banker about the role of the chief risk officer and the CEO. This may be the best thing I’ve read in months. Setting the tone for this article is Warren Buffet who recently…
Take this ERM and shove it
RIMS recently honoured Paychex, a company that offers payroll services, for “innovation in risk management“. Paychex, spelled with an “x” is not to be confused with the late country music star, Johnny Paycheck, who recorded the song “Take this Job…
Reputation risk and ERM
Have a read at this article in CFO.com about reputation risk. I always remind readers that reputation risk is a second order risk caused by some other event or risk. Think about Toyota: their reputation was harmed by the recent…
Rasmussen: There are very few mature risk management programs
Here’s a paragraph Michael Rasmussen, President of Corporate Integrity, published in the Linkedin Enterprise Risk Management Association discussion group, that I thought should be re-posted. The sentiment closely resembles the final paragraph in this recent post by your Riskczar. The…