In November 2009 I contemplated “Should Board Audit and Risk Committees be Separate?” and today I question “Should a Board have a risk committee at all?” In 2009 I concluded: Management’s responsibility is to identify, manage and report on risk with a predefined risk appetite which has been established in consultation with the oversight body,
Christchurch City Council has just released a blueprint for the future of the city’s CBD, entitled the Christchurch Central Recovery Plan. It is bold and imaginative and makes this statement: “we are here and we will be back better than ever before”. I have just returned from meetings with city planners and consultants in Christchurch
Douglas Hubbard, in his book “The Failure of Risk Management”, claims that risk management failed us in the lead up to the GFC because of flawed risk models, the use of qualitative risk assessment through the use of risk matrices or both. He contends that anything can be measured and that we should be measuring.
Entering the cloud is easy for some and much, much, much more of a step outside the comfort zone for others. Which is it for you and why? “The cloud” to be clear (sorry about the pun) is either storing data, accessing an application, or both, on servers outside of your organisation. The servers
These names may not be familiar to you, however they all have a prominent position in James Chiles book “Inviting Disaster”. Rescorla was the head of security at Morgan Stanley in the South Tower of the World Trade Centre at the time of the 9/11 terrorist attack. After the bombing of the underground car park