Embracing the Uncertain: Enterprise Risk Management Through the Lens of Star Trek In the vast expanse of space, the Starship Enterprise embarks on its mission to explore strange new worlds, seek out new life and civilizations, and boldly go where no one has gone before. This iconic journey from the legendary series Star Trek. In……

In the dynamic world of business, the Chief Risk Officer (CRO) is not merely a guardian against threats but a conductor orchestrating the organization’s movements in harmony with strategy, goals, performance objectives, and how these get melded into operations, decisions, and transactions. ISO 31000 defines risk as ”the effect of uncertainty on objectives,” emphasizing the……

Embracing Risk Agility and Resilience in Modern BusinessRisk The landscape of business operations has undergone a seismic shift. The days of simplicity are behind us, replaced by a complex web of risks, regulations, globalization, and rapid technological advancements. For organizations, big and small, aligning business strategy, operations, and processes with these evolving dynamics poses a……

The structure and reality of business today have changed. Traditional brick-and-mortar business is a thing of the past: physical buildings and conventional employees no longer define the organization. The modern organization is an interconnected web of relationships, interactions, and transactions that span traditional business boundaries. Layers of relationships go beyond traditional employees, including suppliers, vendors,……

Navigating the Complexities of Modern Governance, Risk, and Compliance Embracing Agile and Cognitive GRC in a Dynamic Business World In an era marked by rapid regulatory changes and an ever-evolving business landscape, the second annual GPRC summit shines a spotlight on the critical importance of Governance, Risk, and Compliance (GRC) in modern organizations. The summit,……

In 2024, the Governance, Risk Management, and Compliance (GRC) landscape is evolving rapidly. Organizations are increasingly facing complexity and chaos driven by several factors, such as changing regulations, external risks and uncertainty, as well as dynamic and evolving business operations, processes, and technology. These drivers push companies to adopt innovative GRC strategies to stay agile,……

In the ever-evolving governance, risk management, and compliance (GRC) landscape, organizations that have already embraced a GRC program including strategy, process, and technology, know its significance in navigating complexities and ensuring sustainable risk and compliance agility and resilience within their organization. However, the journey toward excellence is ongoing, and organizations with established GRC frameworks often……

Note the following analogy is focused on lack of design for a broad enterprise GRC perspective. Note that this same analogy can be applied to aspects of GRC that have no design across departments and funtions like risk management, compliance, third-party risk management, and more. Compliane and ethics management particularly suffer from no design to……

Greetings!  I trust 2024 is off to a great start. It is for me. 2023 was my busiest year in my career with extensive GRC travels around the world. 2024 looks to be every bit as busy. I am headed this week to Riyadh, and then Dubai over the weekend and into next week. Then……

In an era marked by the exponential growth of data, evolving business landscapes, and increased regulatory scrutiny, effective data governance has emerged as a critical imperative for organizations of all sizes. The complexities of managing and governing data in today’s dynamic environment demand a new paradigm that aligns with business objectives, adapts to change, and……

Third-party relationships have become increasingly critical in the rapidly transforming landscape of global business. Gone are the days when a company’s operations and success depended solely on its internal resources and capabilities. In the current business environment, third-party entities such as suppliers, vendors, contractors, and partners play a crucial role in a company’s growth, innovation,……

I love my career as an analyst; I research the challenges organizations face in the context of governance, risk management, and compliance (GRC) and how they solve those challenges with strategy, process, and technology. However, if I could redo my career, I would want to be a geopolitical risk management (honestly, that would be my……