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In his book, The Black Swan: The Impact of the Highly Improbable, Nassim Nicholas Taleb defines “Black Swans” as random and rare events that underlie our lives and business, are nearly impossible to predict and have a huge impact when they materialize. According to Taleb, “Black Swans being unpredictable, we need to adjust to their existence, rather than naively try to predict them.”

In the past several years, many large-scale events (similar in nature to Black Swans) have manifested and changed

Currently, there is no public transparency around the trading volume that occurs off exchange. FINRA CEO Rick Ketchum has publicly stated that “dark pools” have raised significant concerns among investors who are trying to understand them better and the trading that occurs on them.

Given this context and the fact that more and more ATSs seem to be emerging, we thought it would be useful to help define the different types of ATS, clarify the advantages/ disadvantages and highlight some of the key

Cost reduction has become a strategic driver for businesses. As a result, tech-savvy CFOs are becoming the popular choice to lead technology investment decisions.

But this paradigm shift in the CIO landscape presents additional complexities and ultimately does more harm than good. Enterprise IT run as a cost centre rather than an ‘enabler’ struggles to provide sustainable competitiveness and stifles growth and innovation. So, what do CIOs need to do to reclaim more power over IT strategy and deci

On 27^th February 2014, the National Aeronautics and Space Association (NASA), in a joint mission with the Japan Aerospace Exploration Agency (JAXA) , launched the Global Precipitation Measurement Core, a satellite based observatory designed to provide next generation observations of global snow and rainfall.

 The parallels between space exploration and risk management are many and varied, and a mission designed to track precipitation and increase the predictability of global weather patterns is e

Choosing the right areas to audit based on risk, or scoping, is the most important aspect of an audit management program. ERM provides five steps to ensure your audit program is truly risk based. The key to adding value in the internal audit process is to first determine where the biggest contributors are to the business success, also known as a risk based approach. Too often internal audits get scheduled based on a rotational basis, gut feelings or suspicions or orders from management.

1. Scoping b

While SharePoint is a good tool for file storage, it falls significantly short of delivering the capabilities a risk manager needs to analyze trends and see the relationships the job requires.

Cost & Innovation

SharePoint on the surface may look like an inexpensive solution versus commercial ERM software, however the hidden cost of IT development is rarely understood until too late. To make a SharePoint project useful, a minimum of $150,000 in labor alone invested over 2 years is required for sma

http://www.replaybusiness.com/2014/02/cash-shortage-alarm-remedial-actions.html

Supporting Digital Business Transformation Part 1

I have long agreed with those in the investment community that argue analysts drive short-term thinking by managers of many publicly listed companies, which in the end destroys value. While reading this article by McKinsey entitled “Building the healthy corporation” I realised that many organisations are now fighting back.  McKinsey report that a number of firms have brought “Performance and health” into the corporate lexicon.  They explain further with:

“Just as people may seem reasonably well

I represent Occupational Performance Corporation the manufacturer of the Physical Capacity Profile System (PCP).

The PCP System is an Occupational Medicine Strength Testing System for Post Offer Pre-Employment screening.

By mitigating legitimate WC Claims, eliminating fraudulent WC Claims, reducing work place injury & creating an expeditious yet safe RTW Program, our Physical Capacity Profile System has demonstrated not only, saving employers tens, maybe hundreds, of thousands of WC Expenses but a

The move on hosted services like Dropbox storage site raises questions about what cloud users can and should do to keep their information and data secure and compliant.

Cloud security drew attention in 2012 with Dropbox's admission that usernames and passwords stolen from other websites had been used to sign into a small number of its accounts. 

A Dropbox employee had used the same password for all his accounts, including his work account with access to sensitive data . When that password was stol