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Go Mental

If you are going to fully operationalise your Risk Appetite Statement (RAS) you need to go mental. Developing Mental Models is what I am talking about. Let me explain.

Over the past month I have suggested you need to: support your teams by documenting the organisation’s appetite for risk; guide their decision making by reviewing and improving policies, frameworks and procedures to reflect appetite for risk; and working with your teams to discuss how to apply the RAS in decision making.

Now you can

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What Was Covid Really About? Triggering A Multi-Trillion Dollar Global Debt Crisis. “Ramping up an Imperialist Strategy”?

Covid, Capitalism, Friedrich Engels and Boris Johnson

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Compliance management is the practice of ensuring that personnel and activities within the business are following applicable laws, rules, and requirements. Governments, regulatory and industrial groups, and workers' unions are among the institutions that impose requirements.

Noncompliance frequently results in severe penalties and interruption. Organizations utilize written processes and rules, as well as audits and (in certain situations) enforcement, to assure compliance.

Compliance management

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"The World ESG Summit" is happening in Dubai.
Checkout the details :
(THE WORLD ENVIRONMENT, SOCIAL & GOVERNANCE SUMMIT)
“Leading the future through Environmentally Sustainable Growth”

21st – 23rd February 2023
Dubai, UAE.

SUMMIT OVERVIEW

Today businesses are dedicating most of their Research & Development (R&D) to creating ways of introducing perpetuity perfectly in alignment with Sustainability. The subject promises a balance between the right approach to investing in ways reflecting industr

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Engaging on political policy requires courage when it goes against industry dogma.

 
Andrew Winston, Elizabeth Doty, and Thomas Lyon
 
October 24, 2022
 
MIT SLOAN
MANAGEMENT REVIEW
 
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The business world is increasingly and genuinely inspired by the idea of building more sustainable businesses. Organizations are motivated by pressure from their employees, their customers, their investors, other stakeholders, and their own values — as well as growing clarity about the opportunities (and require

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The Dark Origins of the Davos Great Reset

Important to understand is that there is not one single new or original idea in Klaus Schwab’s so-called Great Reset agenda for the world. Nor is his Fourth Industrial Revolution agenda his or his claim to having invented the notion of Stakeholder Capitalism a product of Schwab.

Klaus Schwab is little more than a slick PR agent for a global technocratic agenda, a corporatist unity of corp

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Editor's Note: If you are interested in becoming an expert on Human Resource Management (HRM), take a look at Flevy's Human Resource Management (HRM) Frameworks offering here.  This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts.  By learning and applying these concepts, you can stay ahead of the curve. Full details here.

10847231085?profile=RESIZE_710xDiversity and Inclusion are 2 interdependent concepts.  Never

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Research shows that lateral mobility offers a win-win for employee satisfaction and employer performance.

 
 
October 17, 2022
 
Source:
 
MITSLOAN
Management Review
 
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In a tight labor market, companies are in trouble when career growth opportunities within the organization are misaligned with the needs of employees.

According to Pew Center Research data, more than 60% of U.S. employees who quit their jobs in the past year cited a lack of career advancement opportunities as a leading reason

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Conflicts, downturns, disasters, and pandemics place businesses in hazardous situations marked by low turnover, stagnant growth, unemployment, and even bankruptcy.

Frequently, these circumstances arise without knowledge. It is challenging to guide organizations through challenging circumstances and to predict the effects and severity of crises.

Financial planners and CFOs seek to address these situations, but they are frequently uncertain about what would work in the short term and what should

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The long-standing serial and parallel connectors on computers have almost entirely been supplanted by the industry standard known as Universal Serial Bus. Nowadays, practically every computer has a USB port. It is typically used to connect output devices, such speakers or a printer, or input devices, like a keyboard or mouse.

USB cable

This page describes what USB is, how it functions, and what advantages and disadvantages it has in comparison to alternative connection methods.

Describe USB

A "plug and p

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Enterprise Risk Management (ERM) is the act of recognizing and systematically managing probable occurrences that pose risks to accomplishing strategic goals or prospects for strategic advantage.

The evaluation of important risks and the execution of appropriate risk solutions are the essential pillars of ERM. Tolerance or acceptance of risk; termination or avoidance of risk; risk sharing or transfer via policy, a partnership, or other agreement; and risk mitigation or reduction through internal p

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Coming up with new ideas is simple. The challenge is getting them out of your imagination and into reality. Anyone can have ideas, but it takes a lot more effort to come up with something that other people will consider fantastic rather than crazy. You need to know how to make your ideas a reality if you want to accomplish anything.

how to turn your ideas into reality

If you don't know where to begin, even the most amazing concept will remain stuck in your head. And if you have a business or product idea, you should be aware of the

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Hello Global Risk Community member, 

Every day, you use a variety of metrics to evaluate risk: from your Fitbit to your speedometer, metrics are everywhere. These metrics are purpose-built to provide you with exactly the type of information you need at the time you need it to make sound decisions.  

Can the same be said for your organization's risk management metrics?  

Join thought leaders from The Protecht Group for an engaging and insightful webinar to learn what enterprise risk metrics and

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India healthcare insurance industry is expected to grow at a rate of 29% from 2021 to 2025 due to the increasing middle-class and middle-income populations, growing awareness of benefits that are offered through a health insurance policy and favorable government initiatives, as well as increasing healthcare expenditure. The insurance industry in India is controlled by the Insurance Regulatory and Development Authority of India (IRDAI). The introduction of insurance for health plans by the Indian

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The hotel sector is greatly impacted by improvements in smart technology, and the adoption of new digital tools, software, and services is growing because of digital transformation. Hotels are harnessing technology to increase reservations and profitability as they compete more fiercely than ever.

By integrating visitor experiences across all channels, including web, mobile, in-room, and virtual reality, while safeguarding sensitive guest data, smart hospitality enables hotels to bridge the gap b

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We can investigate novel physical processes using ultrashort laser pulses with peak frequencies in the UV, blue, and IR spectral spectrum. These light sources are employed in quantum optics to trigger quantum processes and greatly improve the resolution of spectroscopic studies.

Ultrafast Lasers

In this article, we'll explain what ultrafast laser spectroscopy is and how it works. As well as learning about the many fundamental, harmonic, and supra-harmonic varieties of ultrashort lasers, you'll also get to see s

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Global cryptocurrency Market Growth

It is expected that the global cryptocurrency market will grow by nearly 7% over the forecast period. Strong growth in venture capital investment is a key reason why the market should recover over the forecast years. In addition, the transparency and immutability of distributed ledger technology have a positive impact on market growth over the projection period. Also, Global Cryptocurrency Market By OfferingGrowth, size, and forecast from 2021-2027

The Global Cryptocurrency Market By Offering, p

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Ding the Bell

You have heard the term “Tone from the Top”. To operationalise your RAS you are going to need to “ding the bell” to make sure the leadership team are delivering the right tone. When I say leadership team, I’m talking the broader leadership team, not the Executive that worked with the Board to establish the RAS. Hopefully they are onboard.

I used to say that a RAS was between the Board and the Executive and not to publish it broadly because a RAS is difficult to interpret if you weren’t part of th

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