In 2009 in the period immediately following the global financial crisis, University Colleges Australia (then AHAUCHI) held a breakthrough conference on the future of educational spaces and the role of colleges in Australia. It was an impressive program that brought together different voices and perspectives. A handful of speakers were interviewed ahead of the conference […]
Category: Risk
Risk archives from Todd Davies: an internationally respected commentator in emerging risk, strategic risk and business model disruption.
2012 Prophecy – The death of that great ponzi scheme – the industrial age
2012 is a year which comes up in a range of mythology as a period of great change. It seems everyone from the Mayans to the Mesoamericans and even Vishnu herself allude to a period of transition and renewal. Given my comments on black swans in the 2010 Christmas edition of this bulletin, I figured […]
Failing to keep pace with change – the biggest risk of all
If you compare today’s stock exchange list with the same list from 10 years ago, you’ll see some big players missing. Some collapsed. Some lost relevance. Some lost value, and were gobbled up before their market value could be regained. The single thread in nearly all of these cases is simple — the conditions changed […]
Risk management – part of the problem or part of the solution?
Todd Davies asks if a changing environment is a new norm – and explains how risk professionals can cope. Change is happening at a greater scale than ever before. We see it every day. This creates great uncertainty for the organisations that we serve, and should be a boon for us as risk professionals. After […]
Strategic Risk Management?
Opinion I’ve been deleting the word strategic from a lot of documents lately. And it’s assisting immensely. You see I’ve got this idea that the more times a person uses the word strategic, the more likely it is that the person is puffing or bluffing. In the risk and assurance space using the word strategic […]
Reform required to ASX’s Principle 7?
Comment As the Australian Securities Exchange (ASX) Corporate Governance Council starts its regular review of the Principles and Recommendations, the Institute of Internal Auditors (IIA) has fired an early salvo on the need for change. Although we’ve learned a lot from the global financial crisis and the destruction of value, the reality is that when […]
A look back, top 10 risks for 2010
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 had been made […]
Black Swans, Turkeys, Ostriches and other Christmas Poultry – a tale of Strategic Risk
A festive story about a quest to find the elusive black swans As the global financial crisis (GFC) was starting to stabilise in Australia I talked to some of my peers to find out what was going through the minds of Australia’s prominent directors and what questions were coming up in their audit and risk […]
Is your risk framework adequate? Questions Directors, Investors and the C-Suite should ask.
Key points Despite significant investment in risk management, it still falls short in dealing with disruptive change Regulatory changes seem unlikely to get to the heart of what really matters in avoiding significant destruction of shareholder value in the future In looking through the standard disclosures on risk management, there are seven areas investors, boards […]