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.
If operational risk failures can happen to a bank with a US200 million dollar asset base, what about your bank? Why are we so comfortable (normalized deviance, confirmation bias, or availability bias?) with the internal controls of our banks in the Caribbean? “The Office of the Comptroller of the Currency announced on Wednesday that the bank…
Good day folks, The “value” of Enterprise Risk Management continues to be discussed and debated in the hallways/board rooms/schools. As a risk management consultant and lecturer, it is a question I am always asked, so much so that I often refer to myself (my companies) as not only risk practitioners but also risk sales managers….
Whether you are aware of it or not, wicked problems exist in your organization today, yesterday, and tomorrow that must be identified and mitigated (as much as they can be mitigated). But what are wicked problems, you ask? I have shared below various quotes/definitions around what constitutes wicked problems. “In wicked (complex/dynamic) domains, the rules of the game…
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,…
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.
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…
