Enterprise Compliance Today

Why is it so hard to integrate risk appetite in an organisation?

Posted by Greg Carroll on Thu, Mar 19, 2015 @ 12:23 PM

Risk Appetite is such a simple concept that everyone thinks they know but invariably misunderstand. COSO and other regulatory requirements for boards to issue a Risk Appetite Statement has led to a belief a business has an overarching level of risk tolerance. Personally I don’t believe these Risk Appetite Statements add any value but regulators are regulators.

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Tags: corporate governance, decision making, risk tolerance, risk culture, risk management

Strategic Management: How to turn a Strategic Plan into Results

Posted by Greg Carroll on Thu, Mar 05, 2015 @ 07:30 AM

Corporate objectives are not the “bulls eye” of strategic planning they're just the dartboard.  Boards are assessed by the quality of their Results not the quality of their Objectives.

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Tags: corporate governance, Strategic Management, risk management