Yesterday I wrote about a white paper “Black Swans Turn Grey” from PwC. Here’s a footnote to that post. I had a good chuckle when I read about these “new black swan risks”. The authors suggest that all these unknown unknowns and unpredictable events are happening more frequently these days. This of course is [...]
Posts Tagged ‘PwC ERM’
The black swans and Field of Dreams
Posted in ERM Basics, Frameworks, Risk management, Sports, tagged baseball, Black Swan, Field of Dreams, hockey, PwC ERM, tail risk, Taleb on January 19, 2012 | Leave a Comment »
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 »
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 [...]
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 [...]
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 [...]
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 [...]
Case study – ERM at Hydro One
Posted in ERM Basics, Frameworks, Thought Leadership, tagged วิเคราะห์เคส hydro one, COSO ERM, ERM, Framework, Harvard Business School, Hydro One, PwC ERM, risk, SOX on September 10, 2009 | 6 Comments »
If I got together with all the other enterprise risk management practitioners and thought leaders, and spend a day filling in an Ishikawa diagram looking for root causes for why ERM has not achieved rock star status (or at the very least SOX status), we would be remiss if we did not identify: “There just [...]
H. Felix Kloman – COSO ERM vs ANZ 4360 Deathmatch
Posted in ERM Basics, Frameworks, Thought Leadership, tagged 31000, 4360, COSO ERM, enterprise risk, Felix Kloman, Framework, Norman Marks, PwC ERM, Tim Leech on September 9, 2009 | 2 Comments »
Here’s a 2003 article written by Mr. Kloman where he reviews a draft version (at the time) of 4360 and one of COSO ERM authored by PwC. Although he is not reviewing the final versions, one can still draw similar conclusion. The terms “winner” or “draw” were added by me. Mr Kloman noted: 4360: Model [...]
PwC – ERM for educational institutions
Posted in ERM Basics, Frameworks, Thought Leadership, tagged COSO ERM, Framework, PwC ERM, Riskczar, universities on September 8, 2009 | 2 Comments »
Earlier today, I wrote about how ERM works for all organizations, including educational institutions. If you are interested in more on that topic, have a look at the attachment. I picked it up a few years ago when I worked at PricewaterhouseCoopers in Toronto. Ironically, I cannot seem to find a link to this file [...]
PwC asks: Does ERM Matter?
Posted in ERM Basics, Thought Leadership, tagged Hydro One, IFRS, PwC ERM, Riskczar, Solvency II on September 4, 2009 | 2 Comments »
PwC re-iterates that ERM has become a priority at the board and senior management levels but more work must be done in order to embed ERM into strategic decisions and day to day risk taking. Additionally, risk appetite must be aligned with the business planning process and ERM is not being used to manage emerging [...]
COSO writes about Effective Enterprise Risk Oversight
Posted in ERM Basics, Frameworks, Thought Leadership, tagged COSO, Framework, PwC ERM on September 3, 2009 | Leave a Comment »
With the Yankees-Jays game on in the background, I just took a look at the COSO document on the role of the board of directors. Here are the highlights so you don’t have to read it: As a result of the economic crisis, and the perception that organizations were not prepared, there is more focus [...]
