Reputation is harmed when some other issue makes reputation an issue. It’s nice to add reputation risk to your risk register, but what are you going to do about it? What actions will you take to proactively avoid, transfer or…
Fantastic Mr. Fox risk management
I took my kids to see the Fantastic Mr. Fox movie this weekend. I thought it was quite delightful. I highly recommend it even if you do not have kids because an animated George Clooney is fantastic. For those of…
Asteroid risk management
Risk Management Solutions, Inc. recently published a report title Comet and Asteroid Risk where they analyzed the 1908 Tunguska, Siberia explosion that devastated a remote area of Siberia. It was estimated to be 1,000 times as powerful as the nuclear…
Top 10 Must Read ERM Articles
In a survey conducted during the Fall of 2007 by The Conference Board of Canada titled, “Who Reads What Most Often? A Survey of Enterprise Risk Management Literature Read by Risk Executives”, authors listed the top ten articles used by…
Risk managers are sexy
In an article from the December 7, 2009 edition of Canadian Business, Sylvia MacArthur, president of Madison MacArthur, an executive search firm in Toronto, writes about risk management: “It’s not necessarily seen as the sexiest business to get into”. As…
Happy Thanksgiving – have a turkey
It’s Thanksgiving in the US, a day traditionally spent with family and marked by the enjoying of a turkey. Well, since the release of ISO 31000 last week, it is pretty clear that COSO ERM framework is the biggest turkey…
COSO ERM book is like an 8-Track player
I have to give my props to Harry Cendrowski and William C. Mair of Cendrowski Corporate Advisors for writing a book about enterprise risk management, but writing one titled “Enterprise Risk Management and COSO: A Guide for Directors, Executives, and…
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…
Twilight risk management
With New Moon, the second installment of the Twilight movie saga set to come out this week, I thought I would examine four types of risk treatments from the Edward Cullen point of view. They are ACCEPT, AVOID, TRANSFER and…
You are not a risk manager; you are a fortune teller
The following was written by Beaumont Vance and taken from Risk Management Reports (July 2007): The next time someone at a cocktail party asks what you do for a living, say you increase profit through fortune telling. If nothing else,…