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
For this final blog in my seven-part series I’m circling back to the first one – Strategic Influencers -and asking you two crucial questions: “Is your team a team of investors or maintainers?” That is, does your team partner with your internal clients to invest in their future or are they completing ‘work orders’ from