Opinion

SR_web_Gillian Karran-Cumberlege

Why boards must exercise their ‘judgement muscle’

Boards risk being hamstrung by regulation, opting to comply rather than explain, even where there are unintended consequences

SR_web_Lou Gritzo

Don’t panic… but do act now

The IPCC report tells us tomorrow is not the same as yesterday, hence past data solely can’t always predict future outcomes

SR_web_Chip Cunliffe

A nature-based approach to risk mitigation

Why firms most impacted by the climate crisis are looking more strategically at nature-based solutions

SR_web_Kirsten Early

When to outsource your claims

Corporates are taking on more risk as a result of the hard insurance market, but what does this mean for claims?

Gareth byatt opinion

Roadmap for sustainability

How to use risk management and SDGs to achieve purposeful objectives

SR_web_Peter Chesterfield

Fire risk at battery energy storage systems

Battery energy storage systems (BESS) are essential for low carbon economies… but fires are hampering growth potential

SR_web_Terence Lee

Future proofing airports

There are clear risks and opportunities as airports repurpose for a post-COVID world

SR_web_Carly Ramsey

Navigating the ongoing trade war

China: politics are important but it’s the regulations that matter for multinationals

SR_web_Paul Ford

Time to tackle silos

A strong emphasis on data and collaboration are essential to achieving operational resilience

SR_web_Anita Punwani

Taking a lead on ESG

What role does the risk professional have in a changing, more responsible world?

SR_web_Paul McLarnon

Navigating the hard market

Can you show insurers that you’re up-to-speed with how your operations are responding to new market pressures?

SR_web_Val Jonas

The snowball effect

Transforming risk strategy from the middle

SR_web_Anette Mikes

Let’s talk risk

’Risk talk’ targets toxic cultures by fostering blame-free, bottom-up communication

SR_web_Mary Nwaojei

Cyber: Breaking the culture of silence

A lack of transparency on cyber attacks is benefitting the threat actors and exacerbating the threat

SR_web_Phil Zongo

Steps towards cyber resilience

Three proven strategies business leaders can deploy to accelerate cyber transformation

SR_web_Pekka Dare

Managing money laundering risk in a COVID world

How money launderers are exploiting know your customer (KYC) checks and using the pandemic as a ruse to move money

Norman Marks

The spy who managed success

Is it time to abandon risk management and seek to manage performance instead? Let’s consider Bond’s latest mission

SR_web_Mathieu Gorge

Vaccine passports and privacy pitfalls

The data in ‘vaccine passports’ is the most sensitive information many firms will have ever managed

SR_web_Charles Minutella

The road to future-proofing your supply chain

As companies look to pivot from the pandemic, their focus of attention is turning towards building sustainability in supply chains

SR_web_Adam Schrader

A smarter approach to business travel

How can businesses balance the bottom line with environmental responsibility when planning their post pandemic business travel?

SR_web_Russ Kirby

Warehouse risks in an age of e-commerce

How a surge in demand for warehouse storage may leave firms exposed to facilities which rely on sub-standard levels of risk protection

SR_web_Oliver Chapman

Unpicking the Greensill collapse

Did fintech superstardom enable the Greensill collapse and could it have been prevented?

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Protecting revenue volatility from extreme weather

Parametric insurance solutions are a valuable form of transfer to manage climate and other natural disaster risks, explain Marc Paasch and Richard Zhang

SR_web_Eddie Doyle

The art of the con

Cyber security strategist Eddie Doyle explains how social engineering attacks prey on individuals’ vulnerabilities

SR_web_Julia Salmond

What COVID-19 taught us about supply chain risks

News reports of supply chain disruption increased by almost 2000% following the start of the pandemic

SR_web_Michael Beaumont

Managing the vaccine supply chain

It’s clear that freezer failure is going to be a significant risk to the smooth execution of this critical vaccination program

SR_web_Helene Galy

COVID-19 is no black swan

There was evidence the wolf was already in the herd, if only the shepherd had taken a closer look

SR_web_Vasileios Drakopoulos

Managing risk in a volatile world

Risk leaders must work on strategies and business models to help their firms achieve their objectives in the new environment

pandemic solution

NDBI: Exposed and unprotected

Caroline Woolley explains why it’s much better to play ‘let’s pretend you have a loss’, than trying to deal with expectation gaps after an event

SR_web_Brian Monk

Operational resilience takes centre stage

Why breaking down barriers between risk and business continuity is the key to greater operational resilience

SR_web_Jim Wetekamp

Keeping up in 2021

The risk management function is undergoing a fundamental transformation spurred by the coronavirus pandemic

SR_web_Atul Vashistha

Financial firms face a risk reckoning

As the sector faces further regulatory intervention, what will it take to bring about real change?

Hans Laessoe

Preparing for the next wave

Climate change is so big that we do not even see it as a wave that may “break” and cause havoc for us

SR_web_Anton Koch

Is cladding ever safe to use?

When fire strikes in buildings using foam plastic materials, the results can be catastrophic and tragic

SR_web_Geetha Kanagasingam_grey_helenedit

Outsourcing risk - a cautionary tale

How Capital One suffered the price for failing to put in place an effective outsourcing risk oversight programme

SR_web_Nigel Toms

Risk, resilience and utilities

The ability to survive a crisis and thrive in a world of uncertainty is at the heart of a new technical standard for utility companies

SR_web_Tiago Dias

Cyber risk in an era of connectivity

As the modern risk landscape becomes increasingly complex, cyber-risk is one area where businesses need to remain vigilant

SR_web_Susie Jones

The threat of COVID-19 to your digital health

Insurance brokers and other SMEs face unique risks when it comes to cyber crime. Here’s what you can do to protect your business

SR_web_Andrew Slevin

How risk and insurance supports sustainability

Energy companies need partners and advisors that can help them make the move to a renewable future

SR_web_Keith Man (1)

Why risk data integrity is a ticking time bomb

Data is at the heart of effective risk management but poor integrity, outdated platforms and inefficient processes can create inaccurate or incomplete information

SR_web_Rinske Geerlings

Improving supply chain strength and agility

As many countries enter the second wave of the pandemic, global supply chains continue to be disrupted. Here’s how to build in greater resilience

SR_web_Hernan Huwyler

Let me guess: COVID will be in all top risk studies this year

An analysis of the value of external studies to risk managers, and how to improve them

SR_web_Nir Kossovsky

Reputational crises put directors at risk

ESG pledges, unmet, will leave stakeholders disappointed and pose the greatest enterprise risks of all, warns Nir Kossovsky and Denise Williamee

Hans Laessoe

The new risk horizon

Risk management is undergoing a significant change and complacency is not an option, argues Hans Læssøe

SR_web_Laxman Maharjan (1)

Adding value with strategic risk

Understanding business strategies and coordinating a structured approach are critical to delivering better strategic risk management, explains Laxman Maharjan

Danny Wong_photshop

Five BCP lessons from COVID-19

As the economy slowly reopens, Danny Wong charts five key BCP lessons learnt during lockdown

Danny Wong_photshop

Using data to deliver risk maturity

The risk maturity journey is a problem the risk profession has been grappling with for far too long. It’s time to focus on data

SR_web_ Mark Convery

Health & safety post COVID

Health and safety regulations are under the microscope more than ever before, but significant global differences in approach remain

SR_web_Renata Elias

4 ways to prepare for civil unrest

Organisations need to prepare for the possibility of more protests amid rising tensions and COVID lockdown restrictions, argues Renata Elias

SR_web_Stuart Selden

Building effective business continuity plans

Risk managers are best placed to develop and implement BCPs, argues FM Global’s Stuart Selden

SR_web_Susan Snedaker

Business continuity: The missing link

Many organisations scrambled to develop and implement their pandemic response when COVID-19 surfaced; here are a few things that may have been overlooked

Jules-Quinn

The COVID-19 return to work strategy

Employers must carefully navigate their obligations towards employees when it comes to the impending “return to work” strategy, warns Jules Quinn

SR_web_Vince Shiers

Beyond crisis management - planning for the future

It is time to stop reacting to the pandemic crisis and start managing operations in a new way, argues Vince Shiers

SR_web_Warren Black

COVID-19: The ultimate stress test

How coronavirus may be the high-profile case trial that brings long overdue credibility to the global risk management discipline

SR_web_Jonathan Guard

Prepare for more climate see-saws

Examples of extreme weather events in Australia this summer is increasing concern over how our climate is changing

SR_web_Adrian Simmonds

Business and supply chain resilience during Covid-19

The intensity of the impacts on businesses and supply chains are expected to accelerate in the near term and then extend to the medium term, explains Adrian Simmonds, senior risk manager at QBE

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Risk management shifts gear to resilience model

Businesses will need to shift their focus from traditional risk management to building resilience so as to drive business enablement and build trust.

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Compliance takes centre stage as regulators come down hard on business

Verint vice president, Australia and New Zealand, Michael Stelzer, discusses why we’re seeing increased regulatory pressure on businesses and how automation, machine learning and natural language recognition can help prevent you from becoming the next headline.

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The myths that hold risk managers back from making a difference at the top table

When you place risk management into categories, you stop performing ERM and prevent yourself from helping the board make risk-intelligent decisions. Here’s Sarah Gordon’s (chief executive of Satarla) take on #ChangingRisk and influencing decision-making

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Risk culture or culture risk?

In this article, Business Olympian Group, director, Gavin Freeman, will try to unpack the meaning of “risk culture” and assess whether the role of risk teams is to measure risk culture or culture risk.

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Why gender balance is important in risk management

What can we do to address gender equality in risk management? Maybe it’s a shift into a different approach that will enable more female leaders and improve the service, irrespective of gender, argues risk practitioner, Patrick Aubrey.

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Crisis management 101

If we asked each company how their crisis plans are structured and managed, we will likely see inconsistencies, out-of-date procedures; ill-prepared stakeholders, says Gabriel Souza, risk management specialist. Here’s his advice

Suchitraopinion

Act now before it is too late

Exactly a month after the devastating terrorist attack in Sri Lanka, Suchitra Narayanan, reflects on why it is so important for risk managers to have care, conviction and courage.

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Stop thinking like risk managers and start thinking like the C-suite

As part of #ChangingRisk, I’d like more risk managers to report to the CEO, with access to the board, says Gaëtan Lefevre, group risk and insurance manager at Cockerill Maintenance & Ingénierie.

New thinking in risk 2

The abuse of 'risk'

Risk can be a good thing – business survive and thrive on good risk management. But the problem is, because we have all been misusing the word ‘risk’, its true meaning is now lost, writes Tony Thornton, ERM and business continuity expert

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Decision-focused risk management – in four steps

Decision-focused risk management may seem very different to traditional risk management, but making the change is not as challenging as it may appear, writes Hans Læssøe principal consultant at AKTUS and former risk manager of The LEGO Group

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'Apathetic' risk management is putting your business at risk

In the new age of advanced risk, complacent organisations are allowing themselves to become vulnerable to the disruptive forces of the Fourth Industrial Revolution, says risk thought leader Warren Black.

Suchitraopinion

How to become asset light

Suchitra Narayanan, group head of risk and insurance, AirAsia Berhad, explains why the low-cost airline made the shift from being asset heavy to asset light and how the company’s risk profile has changed as a result

Hans Laessoe

How risks to intangible assets could harm your business

The rise of the intangible economy could amplify your risks causing long-term loss in revenues and profits, so what can you do about it? Hans Laessoe, principal consultant at AKTUS and former senior director of risk at the LEGO Group, has this advice

Norman Marks

A basic principle most people don’t understand about risk

In this new opinion piece renowned author, blogger and retired chief audit executive, Norman Marks explains why you may have been making a fundamental error in risk management

Hans Laessoe

Don’t waste time managing risks

Stop, collaborate and listen, Hans Læssøe is back with a brand new lesson. In his latest opinion piece, the principal consultant at AKTUS and former risk manager of The LEGO Group explains why things will never be the same again for risk managers.

Michael Doyle

Why strategic risks are not operational risks viewed strategically

Chief risk officer, Michael Doyle tells StrategicRISK why businesses need to be very clear on where strategic risk ends and operational risk begins.

Horst Simon

Time to kill 3LoD?

The Risk Culture Builder’s Horst Simon tells StrategicRISK why it might be time to #Kill3LoD in order to get to the next level of risk management.

Lyndon Broad

Managing enterprise risk when exploring Asian opportunities

When a business fails to adequately protect itself against events that may stop or compromise its operations, they could be putting themselves at risk of major disruption says FM Global’s operations manager, Lyndon Broad.

Hans Laessoe

The rise of Execution Risk Management and Decision Risk Management

Hans Læssøe, principal consultant at AKTUS and former risk manager of Lego tells StrategicRISK how the effect of an ever-increasing speed of change adds and alters the demands for risk management – both in terms of what to do, and how to do it.

Norman Marks

Why do we need risk management?

Renowned author, blogger and retired chief audit executive, Norman Marks, questions why we need risk management and what role ERM plays.

Gareth byatt opinion

Infrastructure in Asia – forging ahead, breaking new ground

In this exclusive piece, Risk Insight Consulting principal consultant, Gareth Byatt, looks at infrastructure work being planned and undertaken across the Asia-Pacific region and considers how risk management plays an important part in achieving good infrastructure project outcomes

Gareth byatt opinion

How to leverage ISO 31000:2018

ISO 31000: 2018 was published in February 2018, nine years after the last version. Much has been written and discussed about it. Gareth Byatt, principal consultant at Risk Insight Consulting and APAC Ambassador for the IRM, gives us his perspective on how to benefit from the new release.

Norman Marks

Should we “tear up the risk appetite” statement?

In reply to editor Lauren Gow’s recent opinion piece, author, blogger and retired chief audit executive, Norman Marks, responds in a equally thought-provoking piece

Hans Laessoe

Why ISO31000 beats COSO

Hans Læssøe, principal consultant at AKTUS and former risk manager of Lego tells StrategicRISK why ISO 31,000/2018 (ISO) is well ahead of the updated COSO standard, despite the almost quantum leap the 2017 update has been given since the 2004 edition

Opinionalexei

There is a better way of managing risk

As we begin the countdown to our Risk Forum in Hong Kong on April 19, StrategicRISK spoke to ever-controversial risk commentator, Alex Sidorenko, to give us a little preview of what is to come next week

Natalie faulkner

Bribery and corruption risk: Is Australia doing enough?

Transparency International’s ‘Corruption Perceptions Index’ (CPI) for 2017 has been released and the results are not surprising. KPMG’s director of Audit, Asssurance and Risk, Natalie Faulkner tells StrategicRISK Australian firms are continuing to operate on the wrong sit of this law

Cameron strain

Could Bitcoin wallets replace briefcases full of cash?

Almost 200,000 transactions are made on the bitcoin blockchain each day but what is the risk for businesses? Control Risks senior consultant, Cameron Strain, lets us inside the criminal minds using the innovation for dark deeds

Kimberley pelly

I do not believe in gender balance for the sake of it

As International Women’s Day draws to a close, Kimberley Pelly, risk and compliance adviser, Queensland Airports shares her reasons why she thinks it is more important to select the right person, rather than the right gender, for a risk management role

Opinion kelvin wu

Why all risk managers need to take a second look at the CyberSecurity Bill

The Singapore CyberSecurity Bill is merely icing on the cake of already-robust legislation, and expectations, from the Singaporean Government. But is there more to it than meets the eye? StrategicRISK spoke to PARIMA board member and International SOS risk manager, Kelvin Wu about why all risk managers - designated or ...

Gareth byatt opinion

Part three: The speed of change - stop whining and leverage it

In the final part of our exclusive three-part series, former LEGO risk manager and current principal consultant at AKTUS, Hans Læssøe, and principal consultant at Risk Insight Consulting, Gareth Byatt, tell risk managers why maneuverability for businesses of all sizes has become the key to competitive advantage

Mark pulvirenti

What the anti-bribery law means for your business

Control Risks partner Mark Pulvirenti tells StrategicRISK what risk managers need to do to make sure their firm stays on the right side of new anti-bribery legislation

Samobrien

Confess or be fined: How new data breach laws affect your business

As the 22 February deadline looms for the new Notifiable Data Breaches (NDB) amendment comes into force, RSA’s director of governance, risk and compliance, Sam O’Brien, tells StrategicRISK why risk managers worldwide need to take notice of this game-changing regulation

Eamonn

12 tips for successful implementation of SRM

In a followup exclusive with StrategicRISK, former chief risk officer for Scentre and Westfield, Eamonn Cunningham shares his tips on implementing a new Strategic Risk Management system

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Part two: The speed of change - stop whining and leverage it

In the second part of our exclusive three-part series, former LEGO risk manager and current principal consultant at AKTUS, Hans Læssøe, and principal consultant at Risk Insight Consulting, Gareth Byatt, tell us why disruption is old news

Opiniongarethandhans

Part one: The speed of change - stop whining and leverage it

In the first of our exclusive three-part series, former LEGO risk manager and current principal consultant at AKTUS, Hans Læssøe, and principal consultant at Risk Insight Consulting, Gareth Byatt, tell us why your perspective about change determines how you respond to it

Opinionalexei

Opinion: New ISO 31000 is coming. Are you ready?

After more than five years in the making, thousands of comments received from representatives of 54 participating and observing countries the updated ISO 31000 standard is going through the final stages of feedback and will likely be published in early 2018. Alexei Sidorenko summarises the key changes and how they ...

Opinionryantan

True risk maturity starts with a growth mindset

An increasingly complex future requires a different perspective to risk management, writes vice president of mergers and acquisitions and corporate strategic planning at StarHub, Ryan Tan

Corydavieopinion

Unlocking opportunity as a risk professional

Risk teams face a challenging reality: how not to be seen as the traffic cops of business, always killing great deals with endless concerns about sanctions, corruption or security, but, at the same time, not just being a rubber stamp, signing off any opportunity that isn’t obviously in violation ...

Gareth byatt opinion

Smart risk management the key to digital damage limitation

In the final instalment of his three-part series on how digitisation is changing how we manage risk, Gareth Byatt, principal consultant at Risk Insight Consulting, examines how to deal with cyber risk as organisations adopt new technology.

Patrick smith opinion

Risk managers must become ‘sophisticated communicators’

A truly effective risk manager makes it their business to understand what keeps their company’s board up at night, argues global business resilience leader for Deliveroo, managing partner of Overark and director of Acumen Advisory, Patrick Smith.

Alex sidorenko

Why risk management is not about managing risks

Alex Sidorenko, CEO of Risk Academy, underscores the importance of risk as a management tool to achieve objectives.

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The CRO is dead. Long live the CSIO!

Companies with truly embedded risk management processes should create a new chief strategic information officer role, director of Acumen Advisory Patrick Smith tells StrategicRISK Forum audiences

Franck baron

Opinion: Why I am a devout believer in risk qualifications

Franck Baron, group general manager for risk management and insurance at International SOS and chairman for PARIMA, on why risk managers need risk qualifications

Garethbyatt

Opinion: Embracing the age of automation

How can risk practitioners help organisations to leverage the opportunities presented by artificial intelligence and the automation age.

Susie jones opinion

Opinion: Risk management in the agile world

It’s time for risk management to stop impeding and start adding value argues Susie Jones, Australia Post’s head of cyber security business

Franck baron

“Risk management is not a profession… yet.”

We are still a long way from having a uniform understanding and appreciation of risk management, argues group general manager for risk management and insurance at International SOS and chairman of PARIMA, Franck Baron.

cory davie

Opinion: Terrorism - assessing an unpredictable and emotive threat

Cory Davie, partner, Control Risks argues while the threat of terrorism is an incredibly small risk for most businesses, risk managers must still have a realistic, but practical, plan to assuage fears and keep the business on the front foot

garethbyatt

Opinion: Go digital or go broke

You should be leveraging the digitisation of your business to improve your management of risk. In the first of a three-part series, principal consultant at Risk Insight Consulting, Gareth Byatt, explains why…

 Eamonn Cunningham opinion

Opinion: Why are some risk managers being ignored by their board?

Eamonn Cunningham, former chief risk officer at Scentre Group and Westfield, suggests that risk managers themselves are often to blame for a board’s indifference to them

hans

Opinion: Putting the fun back into risk

Hans Læssøe, former senior director of strategic risk management at the LEGO Group and founder of AKTUS on why tomorrow’s breed of risk manager will require quick wits, plenty of business acumen and the ability to inject a bit of fun

alex sidorenko

Opinion: Individual and corporate risks are not the same

In the first of a four-part series, Alex Sidorenko, founder and CEO of Risk-Academy, explains how the key to managing corporate risks is often through dealing with the individual risks of decision-makers first.

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Are risk qualifications relevant?

Eamonn Cunningham, former chief risk officer at Scentre Group and Westfield, debates the virtues of risk specialists versus management professionals moving into the field

cory davie

North Korea: Business in the time of missiles

Under-prepared, over sensitive or business as usual?