RIMS, the risk management society, has announced the acquisition of the Risk Manager of the Year Award, an award program that was formerly administered by Crain Communications Inc.’s Business Insurance magazine.
By Geary Sikich.
Many aspects of risk management are deeply rooted in mathematical formulae for determining probability. This heavy dependence on mathematics to determine probability of risk realization may create ‘false positives’ regarding a risk that can be either positive or negative.
Geary W. Sikich and Joop Remmé pose three questions which aim to enable organizations to explore the relationship between corporate social responsibility and governance risk and compliance activities/obligations.
Alexei Sidorenko provides an overview of four key criteria that are essential for effective risk management. The criteria are: integrating risk into decision making; strong risk management culture; disclosing risk information; and continuously improving risk management.
The Centre for Risk Research (CRR) has published a guidance document to support company directors and others who oversee the development of risk management in organizations.
By understanding the foundation of the organization’s business, the risk tolerance acceptable to leadership and key details of countries under consideration, a risk manager can start to gain solid footing to tackle the complicated world of political risk
The Federation of European Risk Management Associations (FERMA) has launched a campaign to change misperceptions of captive insurance by tax authorities and other public bodies.
The US National Intelligence’s National Counterintelligence and Security Center (NCSC) has released a video highlighting the threats that ‘foreign entities pose to the private sector’s supply chain and to the public sector organizations that utilize private sector goods and services’.
Britain’s decision to leave the European Union has led some data professionals to think that they will no longer be affected by the EU’s General Data Protection Regulation (GDPR) due to come into force in 2018; however, John Cassidy, VP EMEA, Ground Labs disagrees.
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