Lack of transparency makes risk, performance and compliance information hard to discover, collect and maintain. Within every organization, governance areas are conducting activities, each based on different assumptions with different standards, all of which contain a risk component.
While these are typically not thought of as risk activities, when the responsibilities…Continue
Added by Steven Minsky on April 30, 2014 at 9:00pm — No Comments
Governance functions are designed to manage risks that organizations face in operational and back office silos - financial misstatements, fraud, vendor management, disaster recovery, and other activities are all designed to address a subset of an organization’s risk profile. The concept of Enterprise Risk Management is not to create another function that exists in parallel…Continue
Added by Steven Minsky on April 23, 2014 at 10:30pm — No Comments
[Editor’s Note: Organizations have become myopic with GRC solutions, and they can no longer see the forest through the trees. Our new series, brought to you by the LogicManager Analyst Team, will keep you up to date with real world examples of risk management failures, and how ERM could have prevented them.]
Added by Steven Minsky on April 9, 2014 at 10:00pm — No Comments
Compliance professionals have it tough. While risk managers work in shades of grey (or often, red, yellow, and green), compliance officers are often asked to answer the more direct question: Do we meet this regulatory mandate?
While the task may differ, compliance professionals without enterprise risk management in their toolbox are at a significant disadvantage. Regulations…Continue
Added by Steven Minsky on April 1, 2014 at 7:30pm — No Comments