Despite rising to where you are through great decision making, you know you’re not infallible (just ask your partner or closest friend!). Why? Regardless of your position within your organisation, you’re part of a team, and the vast majority of decisions – even those that are for you and you alone – will, in the
The ability to think critically and participate in robust debate are core skills needed by executives and boards. In What’s Wrong With Boards: Rethinking corporate governance, author Professor Fred Hilmer emphasises time and again that completing a skills matrix for a board and recruiting to complete it is wholeheartedly insufficient if these types of skills
While Maturing Options are more associated with finance than with risk management, they offer a right to decide. For finance professionals a maturing option provides a right to decide in the future on whether to exercise the option, sell the option, or let it lapse, depending on its value at maturation date. A mature risk
I know it’s hard to design a risk framework everyone likes and agrees is fit for purpose – actually, I’d say it’s impossible – but some are shameful. When I deliver the RMIA’s Enterprise Risk Management Course, I’m constantly reminding participants that their frameworks must be designed to drive the right behaviours for their organisation.
There is a range of risk maturity models but are they assessing what really matters? How high do you think the banks scored their risk maturity prior to the finance sector Royal Commission? I know first-hand that there were many who thought they were highly ranked. The problem is, they probably were, using a poor