The Global Risks Report 2017, from the World Economic Forum (WEF), features perspectives from nearly 750 experts on the perceived impact and likelihood of 30 prevalent global risks as well as 13 underlying trends that could amplify them or alter the interconnections between them over a 10-year timeframe. The WEF summarises that: 2016 saw a crystallization […]
Governance
KPMG 2017 Global Audit Committee Pulse Survey
To better understand the key challenges and concerns facing audit committees, boards, and their companies, KPMG’s Audit Committee Institute surveyed more than 800 audit committee members in 42 countries. The survey findings offer insights that audit committees around the world can use to sharpen their focus, benchmark responsibilities and practices, and strengthen oversight. While audit […]
Six Potential Risks for Investors in 2017
Investment Banks analysts anticipate that financial markets will be affected in 2017 by three main events: Donald Trump’s performance as US President, which for most, is a big uncertainty; the first round of the 2017 French presidential election, held on 23 April 2017; and the next German federal elections, which will elect the members of the Bundestag, […]
Exclusive Interview with ERM Expert Carol A. Williams
Carol A. Williams has been working with Risk Management and Compliance/Regulation projects for over a decade having specialised in Enterprise Risk Management (ERM) since 2011. One of her key projects was to design and implement an ERM Programme for a $7+ billion property and casualty insurance company, managing and directing the programme for over two […]
10 Top Risks for 2017
The following report from Protiviti, an international Risk & Business Consulting and Internal Audit company, and North Carolina State University’s ERM Initiative, contains results from the fifth annual risk survey of directors and executives. This report includes their views and the likely collection of risks that will affect their organisations over 2017. Key findings The […]
VIDEO: COSO Enterprise Risk Management Course
Choosing an adequate risk framework before adopting Enterprise Risk Management (ERM) is an important task. Adopting a standard framework for defining ERM as baseline is not only best practice but it also allows CROs and Risk Managers to capitalise on existing resources. There are several possible frameworks to start from; some references include COSO Enterprise […]
Understanding Carbon Emission Risk when Allocating Assets
In 2013 I was invited to write about the closure of Chinese Harbin Airport due to poor air quality (in other words “smog”). This article became the second most read entry at globalairportcities.com blog for FY2013 and generated a lot of interesting discussion and positive feedback. Three years have passed, and besides the United Nation […]
100+ Countries Corporate Governance Codes
The European Corporate Governance Institute (ECGI) is an international scientific non-profit association. Its main goal is to provide debate forums and facilitate dialogue between academics, legislators and practitioners, with special focus on major corporate governance issues. The development of these dialogues and knowledge exchange promotes best practices which benefit the industry. This article includes a very […]