The latest enterprise risk management news from around the world

Four key concepts for effective risk management

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.

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The impact of Brexit on GDPR compliance risks

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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Can you really calculate the probability of uncertainty?

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.

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The unintended consequences of risk reporting

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.

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