I was recently asked by a young risk professional for recommendations on good books on risk. Here is my short list: Against the Gods – The Remarkable Story of Risk, by Peter Bernstein – A great story as well as very informative. The Black Swan, by Nassim Taleb – Some truly interesting concepts that risk
Ten years ago nine out of ten CFOs I was consulting to would tell me their CEO was too busy to meet to discuss the risk program under development. The CFO was tasked with the job and we should just get on with it. Today it is less likely to be a problem to meet
The Qualified Risk Directors Governance Council of the Directors and Chief Risk Officers Group (“the DCRO”) based in the US with members from “over 100 countries” has recently published Qualified Risk Director Guidelines. The guidelines outline the skills and experience Boards and shareholder groups should be looking for when appointing Board members to boost oversight
Thanks to Rita for getting me moving on a Business Continuity article. A topic I have neglected in this newsletter for quite some time. Perhaps it is because I feel Business Continuity Management (BCM) as a discipline has developed nicely over the past couple of decades and most practitioners don’t need too many tips in
I saw this abbreviation, 3LoD, in a presentation the other day and it took me a few seconds before I worked out it refers to the Institute of Internal Auditors’ whitepaper entitled The Three Lines of Defence. There are some very good aspects to the paper and a few I am not so keen on.