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…
The iPhone 4S of enterprise risk management
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…
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…
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…
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…
Case study – ERM at Hydro One
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…
H. Felix Kloman – COSO ERM vs ANZ 4360 Deathmatch
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…
PwC – ERM for educational institutions
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…
PwC asks: Does ERM Matter?
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…
COSO writes about Effective Enterprise Risk Oversight
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…