Risk Governance

Strategic Governance: Strive for Excellence

Strategic governance for an organisation is the foundation for success and longevity. Strategic governance is synonymous with strategic leadership. Such leadership is an objective of all successful organisations – demonstrating authority, transparency, accountability and robust stewardship. Strategic governance with a carefully planned strategic plan allows the organisation to generate the future success of the business …

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Governance risk and compliance

3 Ways Risk Governance Transforms Organisations.

Risk governance applies the principles of solid corporate governance to identify, assess, control, and monitor risk sources across the enterprise. Boards are becoming more active in voicing how important risk management is to proper governance – and building a culture that makes quality decisions with risks in mind. A stable risk governance model will put …

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High audit risk

3 Ways a Risk Audit Will Help Your Business Prepare for the Unknown

“Risk management” was a much-used keyword search in 2020 during at the start of the global pandemic. A much greater focus, going-forward, will be how risks can truly disrupt the businesses from working towards their objectives. Risk audits can be a valuable business-tool to ensure risk management processes are acting as intended and response-strategies are …

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Environmental health and safety

3 Roles the Board Plays in Establishing Sound Risk Governance

University risk management courses typically teach that the board of directors holds the ultimate responsibility for risk oversight across the enterprise. Boards must set the tone at the top when it comes to how the organisation perceives, measures, and responds to risk that are inherent in achieving objectives. With support from the top, risk management …

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Governance risk and compliance

3 Reasons Why Risk Governance is Essential for Your Organisation

In the midst of a global pandemic, risk management as a business discipline is becoming more imperative to board rooms across the world. Boards that in the past have seen risk management more as a tick-the-box activity are attempting to tap into the value of these methodologies. They can identify and treat enterprise vulnerabilities that …

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Risk Analytics

3 Key Areas Risk Analytics Improves Decision Making at the Board Level

Board rooms across the globe are discovering that the risks facing their companies are becoming more interconnected over time. If the global pandemic we are currently recovering from taught us anything, it is how intertwined our economic and social ecosystems truly are. Board rooms must be equipped with the data to create intelligence to best …

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Data Governance is Key to Unlocking the Power of an Organizations IT Environment

In a Digital Age, Data Governance is Key to Unlocking the Power of an Organisation’s IT Environment

In 2021, data is the most valuable asset to any business and must be managed effective and efficiently. This is where data governance comes in. According to IBM, data governance consists of policies, processes, and an organisational structure to support enterprise data management. Effective data management policies and procedures lead to improved decision making and …

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3 Ways Risk Management Improves Decision Quality

3 Ways Risk Management Improves Decision Quality

Businesses are made by the decisions they make daily, from complex to minute. In some cases, it only takes one wrong decision to threaten the survival of an organisation. Countless pages could be written of businesses that became a part of the corporate graveyard due to failings in their decision-making processes. “To err is human” …

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3 Value-add benefits of Enterprise Risk Management

3 Value-add benefits of ‘Enterprise Risk Management’

There are many ways that ERM can add value to any organisation if implemented correctly. From lowering loss costs to improving decision-making, value can come in many forms when speaking on risk management. A few value-add benefits of ERM implementation include: Building a risk aware culture   When Enterprise Risk Management methodologies are attached to …

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Business Resilience

Business Resilience & A World of Fragile Webs

I would usually start an article with some form of the following opening, “The rapid development of globalised economies and technological advancements has created a complex risk environment for businesses around the world to navigate carefully on their way to achieving set out objectives.” The statement above is, in my mind borderline cliche and boilerplate, …

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