Enterprise Compliance Today

What is GRC and why use compliance management software?

Posted by Greg Carroll on Mon, Apr 17, 2017 @ 02:31 PM

When starting out on the Compliance Management journey, understanding the alphabet soup of acronyms can be confusing.  Here we try to explain the terms, what needs to be done, and need for compliance management software in the process.

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Tags: corporate governance, Compliance Management, risk management

What Donald Trump’s win tells us about Decision Bias

Posted by Greg Carroll on Sat, Nov 12, 2016 @ 09:36 AM

Just like the Brexit win 2 months ago, Donald Trump’s election as US President beggars belief but has some valuable lessons to learn from both a Risk Management and corporate governance perceptive.

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Tags: corporate governance, risk management, risk identification, decision making

Is Cloud based Risk Management worth the Risk

Posted by Greg Carroll on Tue, Oct 25, 2016 @ 10:09 AM

Last week’s simultaneous DDoS cyber-attack on major US websites from Twitter to New York Times, exposed the serious vulnerability for those with cloud based Risk & Compliance solutions. It looks like some people may be cutting off the branch they are sitting on!

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Tags: corporate governance, risk management, cyber risk

Misunderstanding Innovation

Posted by Greg Carroll on Mon, Aug 22, 2016 @ 10:57 AM

Last week saw the latest in misguided innovation talkfests, the AFR Innovation Summit #Innovation16.  For several days academics, public servants, journalists, and corporate employees put forward their insights into how Australia can develop an Innovation culture. 

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Tags: Best practices, corporate governance, Innovation, Quality Management

Prejudice and Abuse in Youth Detention

Posted by Greg Carroll on Fri, Aug 05, 2016 @ 10:00 AM

This week I digress from my usual evangelism of all things GRC for a bit of self-indulgent introspection asking the rhetorical question: Why is our only tolerance the tolerance of prejudice?

“Ultimately, America's answer to the intolerant man is diversity.” — Robert Kennedy.

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Tags: corporate governance, ethics, leadership

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 management, risk identification

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

How to Identify Corporate Risks in ERM

Posted by Greg Carroll on Fri, Jun 26, 2015 @ 03:16 PM

An effective Corporate Risk management system (or ERM) requires developing a detailed inventory of all the drivers and influences and how they affect the organisation.  It requires a methodical and introspective commitment to fully understand what makes things tick, but as with most things, a bit of effort upfront produces a lifetime of benefits.

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Tags: corporate governance, risk identification

Why Corporate Governance is broken and how to fix it

Posted by Greg Carroll on Thu, May 28, 2015 @ 11:23 AM

Why, with the number of fertile minds that exist in our field, is it still a case of an irresistible force meeting an immovable object.  The paradox I believe, like our would-be entrepreneurs, is one of approach.

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Tags: corporate governance, Compliance Management, risk management