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Risk Appetite Whitepaper

Is Your Cautious Approach to Risk Appetite Stifling your Business?
Without risk, there is no reward – and this certainly rings true in the uncertain world of business. But how do you build a risk appetite framework, that guides the business away from taking unnecessary risk, but still has the flexibility to enable “calculated risk taking” when the opportunity outweighs the risk?

In this whitepaper we look at what makes a good risk appetite statement and explain how to measure risk using KPI’s and

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WEBINAR

WEBINAR

Benchmarking Your 2022 Hotline & Incident Reporting Program

Wednesday, March 30  |  10 AM PT / 1 PM ET
75 Minutes

Paint a picture of your corporate culture, employee conduct, and organizational risk over time. NAVEX’s annual Hotline & Incident Management Benchmark Webinar & Report help you better understand and improve your own

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The leading digital platforms control access to an increasing share of the world’s data. Here’s why we need policies that level the playing field.

 
Viktor Mayer-Schonberger and Thomas Ramge
 
February 09, 2022
 
Source:
 
MITSLOAN
MANAGEMENT REVIEW
 
 
10230278291?profile=original
 

Joseph Schumpeter was deeply worried about innovation. The renowned economist, who coined the term creative destruction, championed entrepreneurship as the engine of economic growth but feared that small players lacked the key resource need

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6 Value Drivers of IT Redesign

10229021897?profile=RESIZE_400xDisruptive change has put a tremendous strain on organizations and their IT departments.  The capabilities of the IT talent is declining due to inadequate technical education and aging workforce.  Legacy systems and diverse IT applications are frequent across most organizations.  Mergers and Acquisitions have become a norm, pushing vendors to form alliances.  Mobile devices, tablets, and social media have been quite common across employees of almost all organizations.  Cloud Computing and softwa

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The Big Thrill

The biggest thrill I get in my role guiding organisations to develop stronger and stronger approaches to risk based decision making is when I run a risk workshop. In particular, for an executive team or board. In those moments they place their trust in you. Trusting that what they say will never be repeated by me, that the time will be valuably spent, that improved understanding – as opposed to increased confusion – will be the result.

My aim is always to have the Chair, CEO or team leader say to

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Understanding the Workday Security Model 

Workday provides mechanisms for managing critical user access. However, understanding the Workday security model and effectively implementing a secure user provisioning process within an organization is still challenging for many IT and security teams.

Fastpath is offering an eBook, Workday Access Security Using Fastpath Assure, that outlines the primary elements of the Workday security model and how Fastpath can help your business implement an enterpris

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Global Innovation: 3 Approaches

Editor's Note:  If you are interested in becoming an expert on Innovation Management, take a look at Flevy's Innovation Management 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.

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10215911465?profile=RESIZE_400xThe current ever-changing and increasingly connected world demands taking

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According to ChemAnalyst report, “Specialty Carbon Black Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Specialty Carbon Black market observed a demand of 1.95 million tons in 2020 and is expected to reach 3.23 million tons by 2030, growing at a CAGR of 5.02% in the next ten years. Anticipated growth in the market can be attributed to the increasing demand from downstream indu

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Excited Change Agents

Every change management challenge needs to be aware of, and harness, change agents. Those people that can most influence or implement the changes required. In the risk space they are often referred to as risk champions.

I wrote an article on risk champions more than ten years ago addressing questions about what you should expect from them and how you should equip them. In it I spoke about how you might lead this group. Let’s go one step further and ask how you might excite them into more and mo

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EVENT

MASTER CLASS

Compliance Program Maturity

Thursday, March 17
Begins 8:30 AM PT, 11:30 AM ET

3 Webinars  |  Happening Tomorrow


In this Master Class, you will learn how to assess your current ethics and compliance program within these five principles: business strategy, risk management, culture, speaking up, and accountability — and hear pra

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Webinar: EU Whistleblower Directive

WEBINAR
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Receive Regular Updates on the Directive's Progress

Join Navex’s webinar series, so that you can keep track of transposition surrounding the EU Whistleblower Directive in Europe. Our legal advisors will be monitoring the progress across the EU region and

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Why every business needs continuous and effective model risk management
Hi Global Risk Community member,
 
Model Risk Management continues to evolve to keep pace the growing adoption and reliance across many sectors of business on advanced analytics.
The finance sector in particular has been challenged to improve model lifecycle efficiencies, meet the demands of evolving regulations, and establish more rigorous AI governance.
 
Armed with the right models, organizations can translate data into

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Complying with regulations and managing regulatory changes puts a huge amount of pressure on businesses. Organisations across different sectors must follow a whole host of complex regulations relating to data privacy, online payments, store credit, and financial, environmental & trade laws.

This eBook from Camms, explores the challenges relating to manual regulatory change management, it takes a tour through the top 10 regulatory compliance issues facing businesses, and provides a step-by-step gu

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Views: 122
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Editor's Note:  If you are interested in becoming an expert on Innovation Management, take a look at Flevy's Innovation Management Frameworks offering.  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 you stay ahead of the curve.  Full details here.

 

10177537862?profile=RESIZE_400xContemporary vibrant and contracting world demands using a wider approach to Inn

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The best crypto exchange in the USA can be easier to find if you are familiar with your options. There are several crypto exchanges that are based in the United States of America. However, each exchange varies from the other based on a few major factors that are essential for all beginners and experts to know.Some of the most popular US-based crypto exchanges include Coinbase, Gemini and Kraken. These exchanges offer more or less the same kind of services, however, the quality of services greatl
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Impact Value

I tried something different last week. I posted a “musing” on LinkedIn. It was an excerpt from my book Risky Business: How Successful Organisations Embrace Uncertainty that read

“Risk management isn’t rocket science. It’s about managing uncertainty.
And, done well, it delivers real value for organisations.”

It sparked quite a lot of activity including some discussion on how to value the risk function. Here are a couple of my replies on the topic:

To Norman Marks:

“Re the value of ERM, I have found s

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Don’t choose a job. Work on building a meaningful, fulfilling career in which you will excel, right from an early age. Allow us to take this journey with you and handhold you through it. Our career guidance and counselling process is a wholesome, year-on-year extendable mentorship program spanning class 10 to class 12, Online career counselor after 10th & 12th While this is also a period of immense change and evolution in the life of students, we ensure that they never lose sight of their career

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Industrial companies may not be the face of digital disruption, but their evolutionary approaches to

successful digital initiatives hold lessons for other sectors.

 
March 03, 2022
 
Source:
 
MITSLOAN
MANAGEMENT REVIEW
 
10170397076?profile=original

Transforming the organization to reap the benefits promised by advanced digital technologies is no longer a question of “if” or “when”; it’s a question of “how.” Business leaders are often counseled by expert advisers to set up a dedica

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Views: 103
Comments: 0

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