Articles & Publications
Risk Tips Issue # 144: Gaining the Management Board�s Trust With Risk Management:
The management board is the captain of the ship. Management boards exist to ensure the organisation is going in the right direction. The capacity of any organisation to manage risks and make the right decisions indicates its survivability and growth in the years to come. Successful executives know and understand that an effective risk management system is integral to a business day-to-day operations. By acknowledging the presence of risks both internal and external to the organisation and being able to act on them decisively and critically can help reduce, if not totally avoid, any considerable damage or loss.
Risk tips issue #133:
Board Oversight of ESG and Diversity Risks
Board Oversight of ESG and Diversity Risks Companies across the United States and the rest of the world are grappling with the myriad of social, environmental and economic challenges of the past few years�from the Covid-19 pandemic to heightened political and social justice concerns to extreme economic conditions. PwC�s 2021 Annual Corporate Directors Survey reveals the significant impact of these risks and sheds light on the changes boards are making in response to the dynamic environment.
Risk Tips Issue# 120: Executive Perspectives on Top Risks for 2022�- 2031:
An annual survey of boards of directors and C-suite executives about risks on the horizon for year 2022 and for the long term 2031 was conducted by the ERM Initiative in the Poole College of Management at North Carolina State University, in conjunction with global consulting firm Protiviti. The surveys captures insights from C-suites executives and directors from America, Europe, Asia, Africa and Middle East.
Risk Tips Issue # 119: Global State of Enterprise Risk Oversight in 2021:
The volume, pace, and complexities of the ever-evolving array of risks are vast, and organizations that are well-prepared to manage that reality can benefit strategically leaving those less prepared with disruptions to their core business and in some instances their demise.
Risk Tips #117: Preventing Metrics from Replacing Your Strategy:
Every day, at almost every company, strategy is being hijacked by numbers. Because strategy is abstract, employees often mentally replace it with the hard metrics meant to assess whether the organization is succeeding at it. This tendency is called�surrogation,�and it destroys a lot of value. Take Wells Fargo.
Risk tips issue #113:
The Crucial Link Between Operational Resilience and Customer Trust
Trust is arguably one of the most important brand assets in business. Every transaction is a promise made, and businesses must ensure they keep their promise to customers � such as delivering goods and services � no matter what disruption may occur. When it comes to building customer trust, there is never a good excuse for breaking promises. Not even a once-in-a-generation global health crisis, not a global chip shortage, not the blockage of the Suez Canal, not ransomware attacks.
Risk tips issue #112:
Creating Value from Risk
CEOs and boards should always have their eyes on potential risks, but how do they view these risks and what is their role in effective risk oversight? To gain a deeper insight into this question, Deloitte surveyed over 300 senior stakeholders, all from the C-level or BoD (excluding CROs), throughout the Americas, European Middle East and Africa, and Asia-Pacific regions.
Risk Tips Issue # 97: Combatting Fraud with the �Fraud�Triangle�:
With so many fraud cases making the news headlines on a regular basis, the economic and social impact of fraudulent behaviors cannot no longer be downplayed by governments and corporate organizations. The question is, what can be done to deal with this issue effectively. First, we need to clarify what we are talking about�so in order to ensure that we all have a clear common understanding of the meaning of Fraud.
Risk Tips Issue#99: Human Resources: A key Role to play in Crisis Management & Organisational Sustainability�Preparedness:
A CRISIS can be defined as an event/situation that results in a: (1) total or partial disruption of key business and operational processes due to harm to people/ relationships or damage to property, equipment or the environment (2) and/or influence stakeholders� perception negatively. Which, as a consequence of the direct impact and of the stakeholders� negative responses, may dramatically impact an organisation�s profitability, reputation and hence long-term operational sustainability potential. Crises can occur at any time and hence the challenge of identifying, preventing, and managing crisis events has become a critical concern for many organisations.
Risk tips issue #79: Integrated Risk Management: Driving Corporate Substainability in a Post-pandemic World:
Risk tips issue #74: Using Enterprise Risk Management (ERM) Principles To Help Navigate Risks Triggered by COVID-19:
Risk tips issue #72: Managing Corona virus Business Interruptions:
The novel corona virus 2019-nCoV, now called COVID-19, has continued to spread through the entire continents in the world, with more than 50,000 deaths reported as of this writing. Read more...
Risk tips issue #70: Preparing for a Pandemic: Review Business Continuity Plans Amid Corona virus Outbreak:
Risk tips issue #68: E-payment system & role of risk management in tackling security challenges:
An E-payment system is a way of making transactions or paying for goods and services through an electronic medium, without the use of cheques or cash.
Nigeria's Risk Outlook 2020:
The Nigerian economy measured by GDP is forecast to grow by 2.5 percent in 2020, according to the International Monetary Fund (IMF). This growth is increasingly undermined by prolonged security challenge and infrastructural deficits, making the country unattractive for long term investments.