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The Role Corporate Governance Plays in Risk Management

LogisManager

The Role Corporate Governance Plays in Risk Management Last Updated: June 4, 2024 As an auditor, compliance officer or risk manager, you’re used to balancing the delicate processes that impact your company’s performance. Modern corporate governance practices provide assurance that enables boards to take smarter risks.

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Case Study: Transforming LogicManager

LogisManager

For instance, when a metric deviated from the norm, we drilled down to discover that coordination of activities had become more challenging with remote work. Fostering Collaboration Across Teams and Bridging Silos One of the greatest challenges in any organization is the lack of visibility into the activities of other teams and departments.

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Strategic Risk Management

LogisManager

These risks are often associated with major strategic decisions made by senior management or the board, market shifts, or changes in the competitive landscape. Conversely, tactical risks, also known as operational risks, are more immediate, arising from the day-to-day execution of activities within the existing strategic framework.

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Following the Great Recession, regulators began requiring enhanced disclosure about risk and corporate governance. ERM seeks to identify possible risks by asking forward-looking questions like “Will the market be the same in 9 months from now? Failing to implement an ERM program under these circumstances is negligence.

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World Backup Day Quotes from Experts for 2025

Solutions Review

Solutions Review’s Executive Editor Tim King compiled this roundup of World Backup Day quotes from experts for 2025, part of our ongoing coverage of the enterprise storage and data protection market. In the age of AI, ransomware, and relentless cyber threats, data protection is no longer just an IT issue its a boardroom imperative.

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What Are Barriers in Risk Management?

Reciprocity

Training and supervision are also risk management and mitigation activities. If the market is illiquid, the metrics lose their meaning. Vigilance is accelerated through a diligent performance of assigned daily activities. Both, however, have a price tag attached to them.

article thumbnail

What Are Barriers in Risk Management?

Reciprocity

Training and supervision are also risk management and mitigation activities. If the market is illiquid, the metrics lose their meaning. Vigilance is accelerated through a diligent performance of assigned daily activities. Both, however, have a price tag attached to them.