Steven Minsky's Blog – November 2015 Archive (3)

Ignorance Is No Longer an Excuse for Poor Board Oversight

Gerry Grimstone, keynote speaker at the IIA’s recent conference in London, has a message for senior executives.

“You can’t easily blame a board member for not knowing something,” Grimstone said. “But you can blame a board member for creating a culture where he doesn’t know something.”

Grimstone spoke at length about the latest example of poor board oversight, …

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Added by Steven Minsky on November 18, 2015 at 3:59pm — No Comments

A Risk-Based Approach to Patient Safety and Incident Management

The Food and Drug Administration recently investigated manufacturers of endoscopes, a device most doctors call “a key tool in detecting and treating medical problems,” according to The Washington Post.

Such instruments, while vital to modern medicine, are also responsible…

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Added by Steven Minsky on November 16, 2015 at 7:30pm — No Comments

How Enterprise Risk Management Prevents Surprises

Governance programs are the unsung heroes of 21st-century business operations. Their situation is analogous to that of football’s offensive line.

If an offensive line does its job, no one will notice it, but when something goes wrong, the spotlight shifts.

Governance personnel know this feeling all too well. Unwanted surprises – be they compliance notices, audit findings, or a poor vendor relationships – are bad for business. Even a good surprise, like exceeding a…

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Added by Steven Minsky on November 13, 2015 at 3:30pm — No Comments

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