According to COSO ERM, “enterprise risk management” refers to the culture, capabilities, and practices, integrated with strategy-setting and performance, that organizations rely on to manage risk in creating, preserving, and realizing value. Sounds not too bad. In this article I will argue that doing this, or rather doing as COSO and most consultants and most… Continue reading I wonder if anyone realises that implementing ERM is actually bad risk management
It took me ages to get from Spain to Montreal but it was definitely worth it. Day 1 After some motivational kick-off presentations, Chris Mandel, Director, Sedgwick Institute, Yvette Connor, Principal and Practice Lead, Strategic Risk Advisory Services, Grant Thornton and myself had great fun discussing the digitization of risk profile. The vexing problem of “cyber risk” actually… Continue reading Great moments at the RIMS ERM 2018 conference in Montreal
Join Hans Laessoe, founder of AKTUS and former CRO of LEGO, and Alex Sidorenko, for another thought-provoking risk management debate. On the 2d of August we will talk about ERM and what it means to the risk management profession. Join us for this very entertaining debate. FREE REGISTRATION: https://events.genndi.com/register/169105139238458453/32294926ac Alex will argue how most common ERM… Continue reading RISK MANAGEMENT DEBATE: Is ERM a total fraud?
Join Alex Sidorenko, Vice-president Institute for Strategic Risk Analysis in Decision Making and Director, RISK-ACADEMY to talk about Enterprise Risk Management (ERM) and latest developments in operational risk management. DATE: 30th APRIL 2018 TIME: 9am to 5pm (lunch and coffee included) LOCATION: MITC, Mriehel Topics to be covered: Decision quality and how humans make decisions… Continue reading Seminar in Malta: ERM and operational risk management
Mark your calendars. Another great risk management live debate is coming up. This time I am meeting Chris Mandel to argue whether ERM a value-adding concept or yet another consulting bag of tricks? Is this a useful concept that adds value to the decision makers and the organization as a whole, or is it just… Continue reading Great debate – ERM good or bad?
The recording of our debate on ISO/FDIS 31000 vs COSO ERM 2017 with Norman Marks, Tim Leech and Carole Switzer is now available on OCEG website: https://go.oceg.org/iso-31000-2018-versus-coso-2017-for-enterprise-risk-management-the-great-debate-1 Don’t miss it! Write what were your key takeaways in the comments below. In case you had a question that we didn’t have the time to answer, write it as well.
I couldn’t resist drawing this picture in the morning. This is all you need to know about current risk management best practices, COSO ERM 2017 and ISO31000 2018. Yes, the new standards/frameworks and best practices are BETTER than just doing a list of risks. And if it was 2005 I would be super excited. But… Continue reading I couldn’t resist drawing this picture in the morning
Alex Sidorenko from RISK-ACADEMY shares his views on what does ERM means to him and how the term has been way overused :)) At RISK-ACADEMY we have compiled free videos of lectures, seminars and interviews with Russian risk managers, as well as free templates and examples of the tools required for the implementation of… Continue reading What is Enterprise Risk Management (ERM)?