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 […]

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 […]