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…
RIMS Core Competency Model
Earlier, I reviewed the RIMS report titled: 2008 Financial Crisis: A Wake-up Call for Enterprise Risk Management. Here are are few more highlights. The report includes a list of the suite of skills needed by individuals needed to drive a…
RIMS – A Wake-up Call for Enterprise Risk Management (Part 1)
I was reading the RIMS report titled: 2008 Financial Crisis: A Wake-up Call for Enterprise Risk Management. Very well written and highlights all the same ideas that Riskczar.com has been blogging about lately. Was the financial crisis a failure in…
Report on the Current State of Enterprise Risk Oversight
I was just reading the March 2009 Report on the Current State of Enterprise Risk Oversight conducted by by the Faculty in the ERM Initiative at North Carolina State University. The complete report can be found here: http://mgt.ncsu.edu/erm/documents/AICPAResearchStudy32309.pdf It’s filled…
Slywotzky on Strategic Risks
Once again, a must read for anyone who considers themselves a risk professional because they can memorize ISO 31000. (Sarcasm.) Slywotzky describes more dangerous strategic risks like project risk, customer risk and transition risk that should be addressed, while unfortunately…
Banana Skins 2000 vs 2008
The annual Banana Skins survey from the Centre for the Study of Financial Innovation is always fun to read. So I decided I would dig up the 2000 list and compare it to the 2008. Each year bankers, regulators and…
S&P’s ERM review for nonfinancial companies
Ever wonder what S&P asks about during their ERM review for nonfinancial companies? Well here they are: a. What are the company’s top risks, how big are they, and how often are they likely to occur? How often is the…
ISO 31000 group on LinkedIn
There’s an ISO 31000 group on LinkedIn http://www.linkedin.com/groups?about=&gid=1958423
Please do not mitigate all your risks
I am not a big fan of the term “mitigation” as the only way for a risk to become a lesser risk. Mitigating a risk is merely one way to “treat” the risk and hence, I recommend using the term…
Is it too soon to add Zombie Risk to our heat maps?
According to researchers at two Ottawa universities who modeled a zombie attack using biological assumptions based on popular zombie movies, “classic” slow-moving zombies could take over our cities in under a week. (The “nimble, intelligent creatures” would take a few…