Data-driven decisions for smart legal and compliance professionals – Hernan Huwyler

https://2020.riskawarenessweek.com/talks/data-driven-decisions-for-smart-legal-and-compliance-professionals/ To many legal and compliance professionals, risk assessments are bureaucratic paperwork for regulatory reporting and corporate defence. Clearly, it is not adding any value for deciding the allocation of resources and controls in the ethics and compliance programs. The consequences of siloed and biased assessments can be fatal for the organization, and also, for… Continue reading Data-driven decisions for smart legal and compliance professionals – Hernan Huwyler

50. Cognitive biases in risk management – Omission bias – Alex Sidorenko

The omission bias is an alleged type of cognitive bias. It is the tendency to judge harmful actions as worse, or less moral than equally harmful omissions (inactions) because actions are more obvious than inactions. It is contentious as to whether this represents a systematic error in thinking, or is supported by a substantive moral… Continue reading 50. Cognitive biases in risk management – Omission bias – Alex Sidorenko