Tag Archives: board of directors

Cut the double talk

Clark Abrahams, Chief Financial Architect, SAS

Take a look at the news lately and you’ll see big names in financial services struggling to recover from serious reputation damage. Why? Unclear risk appetite messages were cascaded down the chain of command. Take a new look at the message you are sending and the message being received.

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Five house rules for managing risky behavior

James Lam

If all organizations face the risk that their people will undertake reckless or unethical behavior, how should they protect themselves? James Lam says the best defenses come down to five house rules.

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Board of directors’ dashboards – Navigation or naiveté

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Gary Cokins explores the progress boards of directors have made in understanding and delivering upon their roles toward the business and shareholders, specifically the roles associated to governance and risk.

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GRC, business strategy, and the Board

Clark Abrahams, Chief Financial Architect, SAS

Although CEOs and management teams are responsible for crafting strategic direction, Clark Abrahams says that board of directors need to be involved in strategic planning from the beginning. He offers a playbook idea to give boards a level set of knowledge on everything from competitor and industry analysis to risks and financials. That foundation will help them ask the right questions from the start.

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How can corporations reinforce, or restore, public trust?

Clark Abrahams, Chief Financial Architect, SAS

What can corporations and financial institutions do to reinforce or restore the public’s trust? Clark Abrahams says that the answer is easy: improved governance, transparency, a return to fundamentals, and effective stakeholder communication. But this solution starts at the top.

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State of risk management, data

Data for risk management - 2012

When you take a look back over 2011, what will be the the stand out memory? Will it be the struggles in Greece and the other Eurozone countries to restructure their debt? How about the new regulatory changes or the new regulatory bodies in the US? David Rogers, SAS, says that many of these old problems caused by one overriding issue – data. What will you be doing about data in 2012?

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2012 risk management agenda

2012 Risk Management Agenda

One place to get wiser about the current risk agenda is the RiskMinds Europe conference, held in Geneva. Anders Langgaard, Business Advisor for Risk, SAS, has gathered a few of the discussions – including a very interesting one on CCPs – for you to ponder as you make decisions about 2012.

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The role of the board in enterprise risk management – Part 4

James Lam

Today, boards are required to take a much more active role in risk oversight. This is the third In this series of posts where I’m discussing the three key levers that boards can use in their risk oversight. In this post, I’m covering risk policy. Board-approved risk policies are a critical tool for communicating its expectations and requirements for risk management and oversight.

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The role of the board in enterprise risk management – Part 3

James Lam

Today, boards are required to take a much more active role in risk oversight. This is the third In this series of posts where I’m discussing the three key levers that boards can use in their risk oversight. In this post, I’m covering risk policy. Board-approved risk policies are a critical tool for communicating its expectations and requirements for risk management and oversight.

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Five ways to spot risk appetite imbalance

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Most companies recognize that effective risk management depends on a clearly articulated statement of risk appetite. Take this five-question quiz to see if your organization’s risk appetite is in line with its risk capacity. Included in this post – a new white paper exploring the role of the board in setting, implementing and monitoring risk appetite.

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