Posted on May 20, 2013
The National Association of Corporate Directors (NACD) has established an advisory council on risk oversight and published a report on its second meeting that contains notable comments. It is available athttp://www.nacdonline.org/Resources/Article.cfm?ItemNumber=6762.continue reading...
Posted on May 3, 2013
Posted on Apr 29, 2013
Posted on Apr 23, 2013
Survey after survey talk about the top 10 risks or such. For example, look at the 2013 Global Risk Management Survey by Aon. It raises some good points, including a refreshing observation that companies are paying more attention to risk management these days.
Posted on Apr 18, 2013
I have been reading an October 2012 publication by McKinsey, Evaluating technology on the boardroom agenda (registration required – and well worth it). The title of this post is drawn from the piece. The full and important quote is:
continue reading...Businesses are becoming increasingly digital and it’s not just a matter of process automation or resource-planning systems. Technology trends such as big data, cloud computing, mobility, and social media are giving rise to new marketing and operational capabilities. Indeed, technology has become too embedded in the fabric of the business—and too critical for competitive performance—to be left to the IT function alone.”
Posted on Apr 14, 2013
Posted on Apr 5, 2013
Almost everybody, whether on the board, in management, or in internal audit, agrees that internal audit should be “risk-based. But I don’t think they are talking in the same language.continue reading...
Posted on Mar 31, 2013
Posted on Mar 26, 2013
Posted on Mar 20, 2013
Each year, I look forward to PwC’s important report on the state of the internal audit profession. Their 2007 report, which had a forward-looking perspective and called out for internal audit to move its focus from controls to risk, was one of the best I have read over the last 20 or more years.continue reading...