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Latest Pontifications & Thoughts . . .
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GRC After Hours: Star Trek Edition
Boldly Going Where No GRC Professional Has Gone Before My latest episode of “GRC After Hours” has been released. In this episode, we cleverly marry the adventurous spirit of Star Trek with the pragmatic world of governance, risk, and compliance (GRC). Captain James T. Kirk’s assertion from Season 2, Episode 20 of the Original Series,……
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The Mystery House of Third-Party Risk Management
Imagine a house built over 38 years, involving 147 different builders, without a clear design, blueprint, or architect. This might sound like an absurd way to build a home, but this is precisely what happened with the Winchester Mystery House. The resulting structure is a labyrinth of rooms, staircases leading to nowhere, and an overall……
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Overcoming Challenges in Risk & Resilience Management
GRC 20/20’s Michael Rasmussen will explore the following challenges, trends, and best practices in the upcoming webinar: Navigating Uncertainty and Chaos: Key Trends in Risk and Resilience Management In today’s rapidly evolving business landscape, organizations face an array of complex challenges. They operate in environments that are inherently complex, dynamic, distributed, and frequently disrupted by……
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Enabling Enterprise Endurance: Risk Agility & Resilience
Before COVID, I ran several Spartan races. The challenge of being outdoors and running down the trail while overcoming obstacles to finish the race . . . what a rush! The final accomplishment of achieving the objective of the finish line by leaping over the fire is an accomplishment. In the ever-evolving landscape of uncertainty……
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Navigating Uncertainty and Chaos: Key Trends in Risk and Resilience Management
In the complex and dynamic world of modern business, the simplicity of past operational practices has been replaced by a landscape where understanding and managing interconnected objectives, risks, and resilience is critical. Organizations must cultivate a comprehensive, 360° awareness of risk, and resilience, recognizing the intricate interplay between objectives, risks, processes, and controls. Traditional, siloed……
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Next Generation GRC: Business Integrated/Aligned GRC
In the ever-shifting terrain of the business world, where unpredictability, risk, and disruption are the only constants, organizations are pushed to find stability and success in achieving their objectives. It’s a high-stakes game of chess where unseen forces can influence every move. Governance, Risk Management, and Compliance (GRC), done properly, is an integrated capability that……
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The A.I. Wild West is Over: There is a New Law in Town, The EU AI Act
In a world reminiscent of the Wild West, where Artificial Intelligence (AI) roamed free and unbridled, businesses and organizations for the past few years have harnessed its power, at times haphazardly, to propel themselves into a future filled with promise and potential. However, the flip side of this unchecked freedom was a landscape riddled with……
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Navigating GRC Trends and Strategies in 2024
In today’s rapidly shifting business landscape, where uncertainty seems to be the only constant, Governance, Risk, and Compliance (GRC) strategy, process, and technology are more critical than ever. This era is marked by a kaleidoscope of challenges: geopolitical instabilities, economic volatility, and a relentless pace of technological innovation. In my recent webinar with MetricStream’s Patricia……
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Dreaming of the Ultimate GRC Platform . . .
In today’s rapidly evolving corporate landscape, the need for an enterprise view into Governance, Risk Management, and Compliance (GRC) is more pronounced than ever. One that truly addresses the official definition of GRC, found in the OCEG GRC Capability Model, that GRC is a capability to reliably achieve objectives (governance), address uncertainty (risk management), and……
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The Book of Five GRC Rings: A Path to GRC Mastery
Continuing on my feudal Japan theme on GRC, after my last blog on Who Will be the GRC Platform Shogun? and my excitement for the new miniseries on Disney+/Hulu/FX, here we explore the Samurai art of the sword in the Book of Five Rings and apply it to the world of GRC . . .……
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Who Will Be the GRC Platform Shogun?
In 1980, I fell in love with feudal Japan. Why? I was 10 years old and watched the NBC miniseries Shogun with Richard Chamberlain . . . samurais, ninja, everything needed to captivate the imagination of a young boy. I immediately read the huge book Shogun by James Clavell (1300 pages), which I have now……
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From Risk Management to Risk Leadership
As I engage with risk professionals around the world, I can’t help but notice a distinctive shift in risk management thinking and approach that is evolving. I have increased mature interactions, particularly in Europe, where risk management seems to be more intricately aligned with business objectives, transcending the mere compliance exercise often associated with risk……
