Most risk managers think they are doing a great job. But how can you actually tell? To add to the challenge, despite the guidance provided in ISO 31000:2009, the concept of risk management effectiveness still remains a bit vague. Who can audit or validate your risk management effort to say whether it’s good or not?… Continue reading FREE WEBINAR: Is your risk management truly effective? Auditing risk management in 4 simple steps
A while back I recorded a short video on the topic of risk management organizational structure in a non-financial company. In the video I discussed various options for risk manager’s place in the overall organizational structure. Since there is really no single right answer, the few common options include: reporting directly to the CEO, reporting… Continue reading 5 reasons why internal audit may be the best place for the risk manager to sit
Lately, everyone, from the government agencies to regulators to corporate board members, seem to be talking about the need for better, more effective risk management. The challenging part is that, despite the guidance provided in ISO 31000:2009, the concept of risk management effectiveness still remains vague. This article attempts to summarize the basic components of… Continue reading Can risk management even be effective?