Enterprise Compliance Today

Risk 2018 and the missed opportunities of 2017

Posted by Greg Carroll on Wed, Jan 17, 2018 @ 08:35 PM

In my 2013 book "Mastering 21st Century Enterprise Risk Management" I quipped “just as the Wild West of the 1890's had disappeared without trace by the Roaring 1920s, so too will the business world of the 1990s, be long forgotten by the 2020s”.  Just 5 years on and not only has the world changed emphatically but the rate of change is accelerating.

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

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

Compliance Manager role in modern organizations-Empower decision makers

Posted by Greg Carroll on Mon, Sep 07, 2015 @ 07:14 PM

 

The Compliance Manager’s role in the modern organization is to enable/empower decision makers to take action and leave the building defensive walls to the Risk Manager with his heat maps. So how can compliance managers start realising their value adding role?

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Tags: Compliance Management, Quality Management, decision making

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, risk management, risk culture, decision making, risk tolerance

Axe archaic attitudes on Risk Appetite!

Posted by Greg Carroll on Fri, Oct 17, 2014 @ 11:00 AM

We need to discard the continuing archaic attitude to Risk Appetite as a compliance policing action and develop it as a tool of improving management and system performance.  In the brave new world of the 21st century volatile business environment not only are the goal posts moving, but the ground is moving under our feet.

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