I’m writing this on the morning of January 6th, 2020. I’ve woken up not to the smell of a fresh summer’s day but to that of smoke. The gravity of the bushfire disaster gripping our country becomes much easier to comprehend when one experiences even the most minor of its tangible consequences. For Melbournians, the […]
READ MOREEnhancing Risk Management in 2020
The risk management processes and practices of organisations across Australia are under siege. As we hurdle towards the future of work, it’s time that we update our approaches to grapple with a new reality. The concept of risk evolves over time – naturally, organisations must follow suit. The standard corporate governance model is defined by […]
READ MORERobots Aren’t Perfect Either: The Value of Humanity in Risk Management
With the ‘future of work’ increasingly becoming our present reality, many organisations are falling into the trap of placing too much trust in technology. When it comes to risk management, it is important that we remember the value of humanity. There are some things robots and machines can’t do – humans must always be ready […]
READ MOREForecasting The Future: Geopolitical And Economic Risks
The intersection between economic actors and politics has never been more pertinent than it is today. Owing to the effects of globalisation, most of the risks and opportunities facing Australian organisations are found beyond our borders. No longer can executives be concerned with a narrow conception of risk; rather, they need to consider events abroad […]
READ MORE(Existential) Risk Management
We are in the midst of a battle for humanity’s future. Regardless of what you think about climate change, it’s difficult to deny that something is happening. Nobody is sheltered from the consequences. Therefore, everybody has a responsibility to play their part. Executives have even more of an obligation. From the upper echelons of organizational […]
READ MOREGoing Global: Mitigating Cultural Risks
‘Risk’ is an expansive concept. It extends from the chance of catastrophic disaster to things that can seem quite insignificant. The reality is all risks can serve to pull the rug out from under your organization’s feet. In particular, ‘cultural risk’ has the capacity to completely derail future plans Human beings have never been content […]
READ MOREDe-Risking Business: A Top-Down Approach to Minimising Misconduct
The interconnectedness that now typifies the global economy has forced us to reconceptualize ‘risk’. This is particularly important in an Australian context, where we are dealing with the impact of the Royal Commission into the Banks and Financial Services Industry. Executives are obliged to play a part in the resolution of this generational problem. The […]
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