It is all too easy to misinterpret the key risks on a risk register, and this in turn could lead to resources being applied to developing risk mitigations that just don’t work. In today’s Risk Coalition blog, Bryan Foss suggests a practical approach to bring greater clarity and a more effective understanding of what the nature of a risk really is.
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The FS Code for risk teams – why Internal Audit should welcome the Risk Coalition’s guidance
David Alexander, a highly experienced former Chief Internal Auditor, discusses the Risk Coalition’s guidance and explains why he sees it being very important for internal auditors. He argues that a major benefit for internal audit is that Raising The Bar finally gives internal auditors a clearer, and maybe even a model, framework to audit risk against.
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How to hire a great Chief Risk Officer
The pandemic has emphasised the need for organisations’ CROs to be of the right stature and to bring the right qualities. Alex Hindson, CRO of ArgoGlobal, sets out what he sees are the key attributes of a CRO today.
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Was 'pandemic' in your key risk list? (Honestly?)
As a result of the pandemic, businesses are changing shape dramatically. Some businesses will fail while other new ones will emerge. Factors such as home working and cashless transactions are likely to remain as must-haves for businesses in future. In this blog, Bryan Foss suggests what’s needed now is a practical assessment of whether your firm’s risk governance is effective.
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Greta Expectations! (with apologies to C Dickens)
With the impact of the Covid-19 pandemic now featuring in the headlines everyday, Peter Neville Lewis provides a timely reminder that climate risk is as important as it was a few months ago.
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Strategy roulette - achieving the right outcomes
The evaluation of risk should be at the heart of strategic decision making, but often it isn’t. Jamie MacAlistair explains that defining risk as the variability of possible outcomes means we are considering both sides of the equation and can avoid missed opportunities.
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Where was the board risk committee when it counted?
Board risk committees have a key role to play in supporting their boards during this time of crisis. The Risk Coalition’s Bryan Foss asks whether they have really stepped up to the plate and whether they are doing what’s expected of them.
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