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The Role Corporate Governance Plays in Risk Management

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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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How to Connect the Dots Between Risks and Goals for Board Insight

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How to Connect the Dots Between Risks and Goals for Board Insight Last Updated: June 4, 2024 Effective corporate governance hinges on the ability to provide the Board of Directors with clear, actionable insights into your organization’s risks and how they impact strategic goals.

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Bridging the Gap: How Risk Managers Empower Boards

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Bridging the Gap: How Risk Managers Empower Boards Last Updated: April 5, 2024 Welcome to the first installment of our series on presenting Enterprise Risk Management (ERM) to the board. By doing so, it becomes clear how these activities—and the risks associated with them—affect the company’s strategic imperatives.

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Strategic Risk Management

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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. While strategic risks focus on the organization’s future viability, tactical risks deal with the challenges encountered in the present.

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Empowering Strategic Decision-Making with Real-Time Risk Dashboards

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Empowering Strategic Decision-Making with Real-Time Risk Dashboards Published: December 12, 2023 In LogicManager’s latest product update release, powerful new in-app visualizations enable real-time data analysis, fostering informed decision-making and proactive risk strategies for strong corporate governance.

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

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Following the Great Recession, regulators began requiring enhanced disclosure about risk and corporate governance. This role is important in corporate governance and complements the role of the Chief Risk Officer. ” You can outsource the activity to the vendor but not the risk.

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How ERM Can Save Your Business from Remote Work Disasters

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There is a line of thought that corporate workers, remote or onsite, are prone to laziness, shortcuts, and misrepresentation of their activities, all for the pursuit of their inherently selfish needs. Leaders need to pivot from merely ensuring employees are present to actively assisting them in prioritizing outcomes over outputs.