Enterprise Compliance Today

Does anyone really understand Emerging Risks?

Posted by Greg Carroll on Fri, Sep 19, 2014 @ 12:00 PM

I recently opened an ISO 31000 Forum discussion on “Does anyone really understand Emerging Risks?”  The discussion proved illuminating so in this week’s post I thought I would share a summary of the forum discussion.

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Tags: corporate governance, risk management, due diligence, risk identification

QANTAS $3b Loss – Risk is more than Compliance

Posted by Greg Carroll on Sat, Aug 30, 2014 @ 08:00 AM

Where was the QANTAS Board Risk & Audit Committee during the past 6 years of Alan Joyce’s systematic destruction of, at one-time, one of the world’s leading airlines?

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Tags: corporate governance, risk management, due diligence

How to use Strategic Imperatives to focus Corporate Risk Management

Posted by Greg Carroll on Wed, Aug 06, 2014 @ 02:00 PM

Risk exists everywhere - the problem is knowing what to focus on. ISO31000 definition of risk as “the measure of uncertainty in a situation” hasn’t done a lot to clarify what corporate risk means for Directors providing "good corporate governance".

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Tags: corporate governance, risk identification, Strategic Management

Risk Culture vs Organizational Culture – Hitler Diaries Case Study

Posted by Greg Carroll on Fri, May 23, 2014 @ 01:00 PM

The “Risk Culture” Myth Part3: The blurring of the difference between Risk Culture & Organizational Culture has had a major detrimental effect on ensuring good governance in corporations.  An independent Risk Culture to Organizational Culture is as vital to good governance as an independent judiciary is to good government.

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Tags: corporate governance, risk management, due diligence, risk culture

Governance: How Company Directors should manage THEIR Risk Exposure

Posted by Greg Carroll on Sun, Mar 23, 2014 @ 09:30 AM

Board members need to consider their Risk exposure when considering needs of their organisation's corporate governance.  This weeks contribution is by Dr Lee Finniear. Lee is a Fellow of the Australian Institute of Company Directors.

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Tags: corporate governance, due diligence, risk identification

Where to start your Enterprise Risk Management (ERM) system

Posted by Greg Carroll on Fri, Feb 14, 2014 @ 10:02 PM

Contract Management has all the same components.  Financial, Operational and strategic risks, surveillance and KPIs, opportunity and threat management, and most importantly, easily understandable methods of aggregation. 

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Tags: Best practices, corporate governance, risk management, contract management

Why Aggregate Risk in an Enterprise Risk Management (ERM) System?

Posted by Greg Carroll on Fri, Nov 22, 2013 @ 10:40 PM

There appears to be a growing view that Risk does not need to be aggregated to have an effective ERM. I believe this is due to a combination of the rush of inadequate software products on the market and the infiltration of Q.A. mentality into ERM. 

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Tags: corporate governance, risk management, risk aggregation

How to aggregate risk in an Enterprise Risk Management (ERM) system

Posted by Greg Carroll on Sat, Nov 09, 2013 @ 09:18 AM

Without aggregation, ERM loses any meaning and purpose. (see Why Aggregate Risk in ERM) So if accepting the need to aggregate risk, both from business units to group and between diverse natures of risk, how do you aggregate risks?

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Tags: corporate governance, risk management, risk aggregation

Mining Regulation Compliance: How a Top Gold Producer Uses Fast Track

Posted by Greg Carroll on Fri, Oct 04, 2013 @ 06:00 AM

How the right compliance software is improving Resolute's hazard management, administrative processes, audit-readiness, and more

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Tags: corporate governance, Compliance Management, risk management

What Most Governance, Risk and Compliance Software is Missing

Posted by Greg Carroll on Fri, Sep 27, 2013 @ 05:00 AM

A manager doesn't have to dig in different places for information if her enterprise's database stucture uses the brain as a model. See the difference -- and what it means for you -- in this video clip.

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Tags: corporate governance, risk identification