Reputational risk is not a risk

Despite the clickbait title, the messages are in the article are important to the risk profession and are purely practical. First few caveats, corporate reputation is important, even a perception of wrongdoings can affect funding, sales and cost of doing business.  Importance of reputations for both profits and non-profits is not up for a debate.… Continue reading Reputational risk is not a risk

RAW#3 Controversial thoughts about modern day risk management in non-financial companies

Welcome to the third installment of the RISK AWARENESS monthly newsletter. Since the last edition the war in Ukraine happened and it is an absolute disaster. I am doing what I can to help here in Spain and I hope you help as well. In this newsletter I wanted to share career changing and controversial… Continue reading RAW#3 Controversial thoughts about modern day risk management in non-financial companies

RAW#2 Controversial thoughts about modern day risk management in non-financial companies

Welcome to the second installment of the Risk Awareness monthly newsletter. Today I wanted to share another career changing video from RAW, practical steps on implementing risk-based decision making, an important article on risk management and one of my favourite books on RM2. Watch, read, listen should be the moto for this newsletter. It’s full… Continue reading RAW#2 Controversial thoughts about modern day risk management in non-financial companies

Risk management 2 is both a control and decision making tool

In 2018 I attempted to coin the distinction between “Risk Management 1” – cosmetic, governance-driven risk management, and “Risk Management 2” – value-adding risk management that drives better decision-making  https://riskacademy.blog/rm1-vs-rm2-which-side-will-you-choose/  I have been following walking the talk, in both my consulting practice, personal life and in the corporate employment, ever since. In 2021 the company… Continue reading Risk management 2 is both a control and decision making tool

Best of the best from RAW2021 – highlights from day 1

Day one of the Risk Awareness Week 2021 conference was dedicated to governance and the future of risk management. Speakers focused on key lessons such as how risk managers can better establish relationships with boards, how risks can be transformed into opportunities to create shareholder capital, and how to embed risk analysis into finance, strategy… Continue reading Best of the best from RAW2021 – highlights from day 1

5 red flags 🚩 when doing a risk assessment

Risk assessments are probably the most common activities within the risk management profession and there is a very fine line between being a total waste of time and a useful risk management approach. So what are the most common pitfalls, how to avoid them and how to turn risk assessments into a useful decision making… Continue reading 5 red flags 🚩 when doing a risk assessment

3 disruptive risk management trends that will shape 2022 and will totally surprise you

When I set out to write this article I thought to myself, top trends are boring because they are always too obvious and have been going on for years. So I went on a quest to find the trends that will completely reshape the profession and yet will catch most of the risk managers completely… Continue reading 3 disruptive risk management trends that will shape 2022 and will totally surprise you

8 best risk management blogs

So much has been written about risk management and yet most of it is RM1. Before the year end I went on the quest to find worthwhile RM2 blogs moving the risk profession within the non-financial sector forward. #1 Nassim Taleb Nassim Taleb is an author of the INCERTO a philosophical and practical essay on uncertainty (Skin… Continue reading 8 best risk management blogs