I couldn’t resist drawing this picture in the morning

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

Life works in mysterious ways

Life is funny: in 2009 I co-authored the risk management guide for the Australian Stock Exchange https://lnkd.in/dY6qPeH and I thought it was an amazing document (now it looks like child drawing) in 2011 I created a big chunk of the global PwC risk management methodology and felt amazing about it (now I know it’s total… Continue reading Life works in mysterious ways

Full feedback on COSO ERM draft

Summary of comments STRUCTURED AND LOGICAL – I believe the content of any document, let alone an international guideline document, should be logically structured, should follow the MECE principle, shouldn’t have any unnecessary repetition or duplication. This was certainly not the case with the current COSO:ERM draft. Note to the authors. While the high level structure Applying the… Continue reading Full feedback on COSO ERM draft