Risk Roundup - December 2016

December 19, 2016
By Jean-Grégoire Manoukian

Once a month, our Risk Roundup provides a recap of 10 interesting articles and online resources on Risk and GRC that caught our attention. We hope you enjoy the recap for December 2016.

The Future of Risk: Ten Trends

The risk landscape is changing fast. The outlines of new opportunities and new challenges are already visible. What should leaders prepare for? This report profiles ten trends that have the potential to significantly change the risk landscape for companies around the world, and change how they respond to and manage risk. Explore report

The Role of Technology in Compliance Risk Management

Effective compliance requires technology that has a robust system of record that proves a state of compliance and documents any changes made, thus providing a complete audit trail. Intelligent organizations are implementing a comprehensive compliance technology architecture to support compliance risk management. Read more

3 Lessons for Risk Management from Golf

Even if you know nothing about the game, the author of this article thinks there are some things about golf that are universal, and can help us find a better way to do what we’re doing in the world of GRC. In risk, just like in golf, you can only learn to read the conditions and manage your game to achieve the best outcomes. Read more

3 Things Large Corporations Can Learn from SMEs When Managing Risks

SMEs can’t afford to waste time or other resources on an activity that does not generate direct value. In addition, SMEs don’t perform risk management only to mitigate risks, they do it also to make better decisions. These are some of the things that SMEs teach us, and that also apply to large companies. Read more

One common risk management mistake consists of focusing only on the measures to control the risk, and not on its underlying causes, which must be identified and addressed in order to effectively mitigate risks in a proactive way. Organizations must prevent, not just react.

Culture: The One Element Most Critical for the Board’s Management of Risk

Culture should not be left to chance, but instead should be driven by thoughtful consideration. Greater confidence should be developed in management’s ability to navigate risk to achieve company objectives more often. This article includes six questions, or indicators to look for, that might inform an organization about the health of the risk culture. The article also includes eight indicators that the risk culture may not be effective. Read more

How to Identify Scope Risks

Scope is the sum of the products, services, and results to be delivered through a project. Some project managers struggle to identify scope risks. This article provides examples of scope-related risks, and describes the tools and techniques that can be used to identify scope risks. Read more

How Sustainability Fits Into Enterprise Risk Management

Companies must regularly assess threats and opportunities as they strive to maintain a competitive edge. For sustainability professionals, it is important to get connected to these efforts as it can provide an opportunity to identify important environmental and social issues in the context of an organization’s strategic planning process. But for many organizations, there is a disconnect when it comes to the intersection of sustainability and risk management. Read more

Designing Risk-Sensing Programs to Focus on Both Opportunity and Risk

Business disruption continues to affect organizations and entire industries. In response, many organizations are developing risk-sensing programs that use human insights and advanced analytics capabilities to identify, analyze and monitor emerging risks. However, understanding which events pose the greatest opportunity, not just the greatest risk, is important to developing effective risk-sensing. Read more

How Chief Compliance Officers Can Make an Immediate Impact

Although Chief Compliance Officers (CCOs) are common in large, heavily regulated industries, getting a seat at the highest levels of an organization isn’t always a given. CCOs, however, can be important contributors to their organizations’ strategic agendas. This article discusses the critical window of the first 180 days that CCOs have to set an agenda for what they want to accomplish and the importance of strategic alignment at the enterprise level. Read more

Visit Enablon Insights a month from now to learn more about what caught our attention in Risk and GRC!

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