After two years working with the Institute of Internal Auditors as their national Technical and Policy Director in Australia, I’ve had a lot of inquiries on why I was moving on, and what’s next.

Risk Magazine Magazine (Australia) published an interview with me this week – Davies Leaves on a High - which covers this in the context of the IIA.

Given that articles can only contain so much, for those who are interested in the full story, our media statement gives a bit more insight into how the last two years of focused effort fits into a long term program of structural change for the the internal audit profession for the betterment of directors, boards, shareholders and the general public.  This is available for download at the link below.

Media Statement – Todd Davies departure from IIA (pdf , 336kB)

For more information, please feel free to contact me directly.

Todd Davies FCA CIA FIIA(Aust) MAICD
(02) 9043  1719

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Risk and Responsibility (AHAUCHI Conference, September 2009)

[Streaming video: YouTube - 3 parts, 22 minutes total]

Presented as part of a three day strategy and leadership conference on the future of residential colleges, Todd Davies provides insights into the nexus between governance, leadership and risk, and provides a whole systems perspective into regulatory reform, avoiding the next GFC and the future of leadership on these dimensions.

A Leader’s Responsibility: Governance, Risk and Resilience (AHAUCHI Pre-conference, August 2009) [Streaming and downloadable audio: Resilientfutures.org - 1 part, 26 minutes total] As part of the lead up to the AHAUCHI sessions, Todd discusses the new context for the governance and risk responsibilities of leaders, especially directors and managers; the breakdown of conventional methods of risk and governance management in dealing with these conditions; the consequences of such a breakdown; new processes for more realistic governance, risk and resilience.

The Real Risks of Business as Usual  (Resilient Futures Forum event – “Planning for Growth: Water? Climate Change? Economic Shocks?, August 2008)

[Streaming and downloadable video: Resilientfutures.org - 1 part, 15 minutes total]

This is essential viewing for anyone in a governance, leadership, assurance or strategy role in a large organisation – corporate or government. This presentation is particularly timely given current conditions, increasing market turbulence, and the move by stock exchanges and regulators around the world who are beginning to expect CEOs and Boards to have a strong understanding of ‘material business risk’, and hence strategic risk.

There is also a lot of great material on the resilientfutures.org website and their Youtube channel.  If you are interested in understanding the future, complexity and the challenges and opportunities arising from this, these sites are well worth a look. Enjoy. TDA

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Can your organisation continue to prosper as conditions change?

Organisations are facing greater challenges than ever before.  As a leader if you feel that you are facing more change than ever before, you are not alone.  The nature, scale and frequency of change is increasing which is putting tests on the resilience of all organisations.

Increasingly, the term resilience is popping up with a number of variants – enterprise resilience, organisational resilience, business resilience and others.  Some variants are narrow dealing only with a part of the problem.  Resilience from a HR perspective often talks about personal resilience – in other words, the ability of an individual to bounce back in the face of adversity – something akin to personal tenacity.  Resilience from a risk perspective is often limited to business continuity or crisis management.  Both models tend to plan for and react to disaster rather than empowering organisations and leaders to navigate strategically.

TDA takes a holistic view of resilience using the models embodied in the Resilient Futures Network models to answer the simple question for leaders – “How can we continue to prosper as conditions change?”.  Our models bring together the key aspects of strategy, risk, governance, leadership and assurance to allow for organisational resilience and transformation.

We can assist in a range of ways depending on the needs of the organisation with a range of modules and entry points including:

• Primer – introduction to the concepts of resilience and and understanding of why this is business critical and a potential source of ultimate competitive advantage for your organisaton
• Initial diagnostic – initial assessment of key conditions and capabilities required
• Strategic risk assessment – a deep understanding of emerging conditions, key depedencies and how this will affect the organisation’s business model going forward
• Resilience capability assessment – does the organisation have embedded resilience?  What maturity level is the organisation at now?  Where does it need to be?
• Catalytic projects – demensioning catalytic projects to transform the organisation
• Resilient leadership – training leaders within the organistation on key capabilities to allow for organisational transformation
• Program and project management – ensuring what needs to happen does actually happen

After nearly 20 years working in risk and organisational transformation roles I’m convinced that the next five years will be the most disruptive we are likely to see for a generation.  Those who understand and embrace the concepts will be incredibly well placed to create shareholder wealth and outcomes for their stakeholders.  Those leaders which don’t get their head around resilience are likely to preside over  significant value destruction and be the case studies for poor governance of the future.

For a briefing, please contact Todd Davies on (02) 9043 1719.

Need more information first?

Read Todd’s latest articles on the Resilient Futures Network which demonstrate how key events are unfolding today and how outcomes could be different by embracing organisational resilience.

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