Yesterday I had the great pleasure of listening to a wonderfully engaging presentation by Alisa Camplin who won the gold medal in aerial skiing at the 2002 Salt Lake City Winter Olympics. Her story of hard work, heartbreak and of course victory was compelling enough, however, when she said that she used Risk Management to
Last month I mentioned a recent webinar I ran on Risk Appetite in which I pointed out that an articulated risk appetite statement is only the beginning. You need managers to operationalise it so that staff can live it. One part of operationalising risk appetite is through communication to staff. Another part is through implementing a
In my Trusted Advisor program I discuss the concept of wisdom with participants. We draw out what it means and what it looks like. I always ensure that simplicity gets onto the whiteboard. At the end of the day, we all know that when we hear about something new that is very, very simple we
To clarify, the question I am asking is twofold. One relates to the perceptions created for the end client, management and the Board. The second relates to governance. Taking the second question first, does having risk and audit report through to one person mean that that person has a conflict of interest? When might this
I thought this article by the UNSW Business School put forward a well-balanced argument for and against the Australian Institute of Company Directors’ push for changes to corporations law to afford directors broader protection (see AICD article here). In essence the argument goes that if directors feel too much at risk of personal liability they either