James Pajakowski, EVP of Global Risk Solutions with Protiviti was asked what is most misunderstood today about risk management in Bank Info Security: You can eliminate all risk in an organization. If you do that you are probably also going to eliminate all upside. So you have to live with risk, and it is just [...]
Posts Tagged ‘residual risk’
Protiviti: What is misunderstood about risk management
Posted in ERM Basics, Thought Leadership, tagged James Pajakowski, Protiviti, residual risk, return, risk management on December 21, 2009 | 1 Comment »
Retention bonuses: risk or reward?
Posted in My Opinions, Risk management, tagged control, ERM, inherent risk, residual risk, retention risk, risk register, Strategy on September 8, 2009 | 1 Comment »
In a recent article by Jim Heskett in Harvard Business Journal’s Working Knowledge, he weighs in on value of performance bonuses; he says “they provide an incentive to do nothing”. Is $742,000 too much to pay one executive at AIG? These bonuses gained popularity during the merger frenzy of the 80s to encourage employees of [...]
What Causes Risk?
Posted in ERM Basics, My Opinions, Risk management, tagged causal chain, ERM, inherent risk, residual risk, risk, Riskczar on November 28, 2005 | Leave a Comment »
In a previous article, we learned about the difference between the inherent and residual risks you face on the way to work: slipping in the shower, on the driveway or off the road. All these high inherent risks are reduced to low residual risks thanks to some preventative processes. How do you anticipate risks you [...]
Inherent and residual risks
Posted in ERM Basics, Risk management, tagged ERM, inherent risk, residual risk, Riskczar on November 28, 2005 | 1 Comment »
Were you aware of how risky it is for you to come to work? Since you woke up this morning, you could have slipped in the shower, in your driveway or off the road. It’s a wonder you got here in one piece! Inherently, these are all risky events, but thankfully, you have put appropriate [...]
