Published by Todd Davies on 18 Jul 2008

GRC - the great risk contraversy

It seems that my piece in the June edition of Risk Management Magazine caused some contraversy, and even drew a letter to the editor from the President of the Risk Management Institution of Australia.  This is all healthy debate as it forces us to assess whether learned approaches are still relevant, or whether we’re just keeping a wary eye on the deckchairs (while forgetting to look out for icebergs).

To see the rebuttal, have a look at page 3 of the July edition of Risk Management Magazine here.  And to see the original article which caused the contraversy, click here for page 3 fo the June edition.  (Now locked down, here’s the web version).

For more information on how strategy, risk, governance and assurance come together, please click here.

Published by Todd Davies on 08 Jun 2008

Enterprise Governance - bringing strategy, risk, governance and assurance functions together

Silos.  It’s a word that can fill you with dread if your responsible for the governance of an organisation, yet they keep on appearing.  Organisational theory is currently aguing for matrix structures, but if you’ve ever tried to run one you’ll know that shared accountability without the right tools is the same as no accountability at all.  Silos are alive and well.

TDA has track record in brining these functions together for greatest impact.  We can help to ensure:

  • Duplication between assurance functions is minimused
  • Assurance programs are focused on what really matters
  • Risk management has a top-down view of strategic risks
  • Emerging risk capability informs the strategy and risk functions
  • Strategic risk insight informs the strategy process
  • Strategy drives capability development

To find out more, contact us.