Thanks again to Lexis Nexis for making my most recent article available from the latest issue of Risk Management Today. As the ASX Corporate Governance Council gears up for its next round of review, the IIA has got on the front foot with their list of demands.  This brief article gives Risk Management Today readers [...]

The conversation starter About 12 months ago I wrote the feature article for the Institute of Internal Auditors’ global e-zine on the top 10 risks for 2010. I received an email this week about the article which prompted me to have a look back at what I’d said, and also some of the comments which [...]

Insanity is doing the same things over and over and expecting different results. Albert Einstein Thanks to Lexis Nexis for making my most recent article available from the current issue of Risk Management Today to my clients and readers. The editorial panel was asked to cast their mind back to the most significant risk events [...]

Strategic risk capability is one of the key capabilities of our time. As part of their ongoing roles, Directors and CEOs need to have a deep understanding of the strategic risks and opportunties facing their organisations.  Increasingly they are looking to their internal audit team for a view on whether their company’s risk management systems [...]

Success is a lousy teacher. It seduces smart people into thinking they can’t lose.  Bill Gates Most managers feel well equipped to understand and respond to the regular crises that emerge day to day in the business as usual environment. Risk management processes have permeated most organisations which give middle management a sense of comfort that [...]

The ASX Corporate Governance Council has been at pains to emphasise to the market that the framework is not a “one size fits all” approach to corporate governance, but a model against which companies can assess their current practices and assess whether they need to move forward.  In simple terms, the principles work on the [...]

Thanks to everyone who attended the Canberra meeting, it was great bunch of people with some great questions and discussion and a relaxed format.  There was a particular interest in what this will mean to other sectors.  While it’s difficult to predict in detail, I’d suggest that the one to watch is the new recommendation 7.2.  The [...]

Todd Davies & Associates helps leading companies take their governance, risk and assurance functions to the next level.  Typical outcomes from projects include: Clarity and unity of vision and sponsorship by internal stakeholders Clarity of responsibility between the various assurance, risk and compliance functions Efficiency in delivery Optomisation of risk and assurance coverage Increased risk-sensing [...]