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

LogisManager

Step 1: Take a Root-Cause Approach Risk managers should provide a common root cause risk indicator library to process owners so that systemic risks and upstream and downstream dependencies can be easily identified and mitigated. Only after identifying the root cause can you apply effective mitigation tactics.

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Four Impactful Risk Reporting Presentations to Maximize Board Engagement

LogisManager

Its reporting serves two primary purposes: aligning risks and activities with strategic objectives and demonstrating the effectiveness of enterprise risk management (ERM) programs. For example, by analyzing risks related to strategic imperatives like cash flow predictability, organizations can prioritize mitigation efforts effectively.

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Thinking Forward: Compliance Management for 2024 & Beyond

LogisManager

Upholding fiduciary duty, adopting an integrated methodology, actively managing gaps, fostering collaboration, and providing holistic protection to the business are paramount. At LogicManager, we promote a proactive, integrated, and collaborative approach to compliance management. It looks to avoid focusing on past performance.

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Four Impactful Risk Reporting Presentations to Maximize Board Engagement

LogisManager

Its reporting serves two primary purposes: aligning risks and activities with strategic objectives and demonstrating the effectiveness of enterprise risk management (ERM) programs. For example, by analyzing risks related to strategic imperatives like cash flow predictability, organizations can prioritize mitigation efforts effectively.

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Thinking Forward: IT Governance & Cybersecurity for 2024 & Beyond

LogisManager

Successful leaders in the IT Governance space will proactively identify and mitigate threats before they can be exploited. Download eBook Regulatory Compliance Expertise Corporate governance is playing a more critical role in risk management than ever before.

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How to Offload Your Risk to a Third Party

MHA Consulting

Risk transference is one of the four main strategies organizations can use to mitigate risk. There are four main strategies for mitigating risk : · Risk acceptance: Making a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. Related on MHA Consulting: Global Turmoil Making You Ill?

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The Role Corporate Governance Plays in Risk Management

LogisManager

To effectively mitigate financial and reputational risks, it’s imperative to synchronize your key processes and establish company-wide collaboration. With a unified view of governance, risk management and compliance, your company can actively adjust corporate governance practices to address evolving challenges.