Enterprise Compliance Today

Brexit and the failure of ERM

Posted by Greg Carroll on Mon, Jun 27, 2016 @ 02:27 PM

I have often written on my view that there is an over emphasis these days on Black Swans in risk management. The Brexit vote on Thursday not only shot shockwaves through financial markets but has created a whole new paradigm to world economic stability both short and long term.  And if Risk is defined as uncertainty then as of today, this must be one of our greatest risks.

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Tags: corporate governance, risk identification, risk management

Demystifying Risk – Life vs Death

Posted by Greg Carroll on Sat, Jun 25, 2016 @ 07:22 AM

Risk management is suffering from too much consultant-speak – mystifying what is a standard business practice. When inducting new staff in the concepts of risk management, I use the most obvious analogy which clarifies the issues simply: that of our own mortality.

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Tags: corporate governance, risk management

Behind compliance management failures at Mitsubishi, VW, Target

Posted by Greg Carroll on Fri, Jun 17, 2016 @ 03:15 PM

2016 has seen a virtual tsunami of compliance failures involving some of our largest companies. From Mitsubishi to VW, from ANZ to Target, almost weekly there have been media reports about some company employees having run amok – unbeknownst to their executives and boards. People are asking: “What happened to the compliance management systems that are supposed to monitor and prevent such abuses?” Executives and boards are naturally starting to question the entire compliance management function. 
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Tags: Best practices, corporate governance, Compliance Management