It’s funny how the slightest typing error can cause so much chaos. Australian publisher destroys cookbook for recipe that called for ‘freshly ground black people’ An Australian publisher is reprinting 7,000 cookbooks over a recipe for pasta with “salt and…
What risk management should be
I had the pleasure of listening to Rick Nason from RSD Solutions and Dalhousie University speak last night at the Fields Institute in Toronto. There have been opportunities to go to PRMIA-sponsored risk management presentations in the past, but I rarely attend for…
Risk in the 1960s
I’ve just started watching the AMC show Mad Men on DVD. (Yes, I know, I am three seasons behind.) And while I was aware that the show was set in 1960 in New York ad agency world, I had no…
Earth will not be wiped out by supernova
A story appeared in the Telegraph yesterday with dubious headline “Earth ‘to be wiped out’ by supernova explosion”. But where was the panic and hysteria? (I suppose the English are too busy to worry about such improbable risks when they…
Rick Nason asks What is Risk?
This is a re-post courtesy of Dr. Rick Nason, Principal of RSD Solutions LLC and Associate Professor of Finance at Dalhousie University in Canada (February 8, 2007). For a brief time I was the Head of a new Risk Management…
Twek illustrates the Tiger Woods reputation meter
Have a look at this graph posted by Twek.wordpress.com Twek illustrates Tiger Woods reputation meter
Internal audit is not risk management even in New Zealand
Keeping with today’s theme “internal auditors are not risk managers”, here’s something I quite enjoyed courtesy of a report from Marsh in New Zealand called The 2008 State Sector Risk Management Practices Report. Page 17 it reads: Internal Auditors play…
I’ll review ISO 31000 if you send me a copy
It looks like the long-awaited new International Standard, ISO 31000:2009, Risk management – Principles and guidelines is finally out and can be yours for only CHF 112, or about USD 110 or CAD 116. Here’s the link to the press…
Monopoly Risk
A 54-year old man from Michigan was arrested and charged with misdemeanor assault and battery after he hit a female friend in the head, breaking her glasses. It seems while playing a game of Monopoly, he got upset when she…
A bit more on Hydro One
Yesterday I wrote about a Hydro One case study and today I found (completely by accident) an entire chapter dedicated to Hydro One and their ERM effort in Chapter 11 of the book Enterprise Risk Management By David L. Olson,…