Demonstrating the management ethos that contributed to his recent induction as a Fellow of the Caribbean Risk Management Academy, the Minister of Public Utilities in Trinidad and Tobago identifies and prepares to act regarding the people risks at the organizations within his portfolio.
Visit the website to read the full story published in the Trinidad and Tobago Sunday Guardian Newspaper, December 20, 2021.
Can your lotus of control affect or influence your business decision-making capability? Locus of control describes the degree to which individuals perceive that outcomes result from their own behaviors, or from forces that are external to themselves. This produces a continuum with external control at one end and internal control at the other As the environment…
Several US federal government agencies have been hit in a global cyberattack by Russian cybercriminals that exploits a vulnerability in widely used software, according to a top US cybersecurity agency. Aside from US government agencies, “several hundred” companies and organizations in the US could be affected by the hacking spree, (according to a CNN report). Since late last month,…
Hey colleagues, This may be me venting or projecting, but I have penned this “thesis” for sharing, but I thought I will share it with you first. It is a first draft (pen to paper) and so I am not asking/expecting agreement, but in critiquing, please apply your risk knowledge/risk intelligence. And, yes, I feel very strongly…
If the one of the greatest risks to any organization is their people (decision makers/employee) risk, why then are we not putting more emphasis on mitigating that risk, especially given the new construct of employee engagement deployed because of and during the pandemic. Think: WFH, hybrid work hours, stress management etc.
Hello folks, I am stating the obvious when I say that compliance and assurance are entirely different endeavors from Risk Management: Strategic risk assessments, as part of an effective ERM framework, are critical to preempting risks and preventing unfortunate events from occurring in the first place. Organizations can proactively mitigate potential risks/threats by focusing on strategic risk and ensuring they achieve their corporate…
The “silver lining” of the Covid-19 crisis is the new insights that have emerged to aid organizations in transforming for stronger performance through effective risk management. Risk programs must become more closely aligned with resilience and strategic objectives, so that businesses will be better prepared to respond quickly to the next crisis. Meanwhile, as the…
