Are ineffective controls increasing your risk? Probably. Organizations have many ineffective controls that are a waste of time and money, but ineffective controls can actually increase your risk as well. To learn more, check out this video: We have to be comfortable being a little out of control when managing risk. As a …
Continue reading “Are Ineffective Controls Increasing Your Risk? … Out of Control”
A risk management reminder for the holidays. I saw this posted in social media and had to share. Doesn’t sound like rock n roll risk management to me, but still funny: Please be advised that anyone planning to dash through the snow in a one-horse open sleigh, going over the fields and laughing all the …
Medical error is the 3rd leading cause of death in the US. Why do medical errors kill over 250,000 people a year? Because healthcare has become so complex, with things like the adverse drug interactions of taking multiple medications, that it’s easy to make mistakes. When things are complex the likelihood of making a mistake …
Continue reading “Using Something as Simple as M&Ms to Manage Risk”
Risk management doesn’t have to be boring. In fact, the more fun we make it, the more effective it can be. I’m sure you have flown on a plan before and have heard the same boring safety demonstration at the beginning of the flight. Most people “tune out” and don’t really listen. Here is another …
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I recently returned from a hiking trip through the John Muir Wilderness in the Sierra Mountains of California, just a few hours from my home. This was a multi-day trip that I have planned for several months with one of my adult step-sons, who recently wanted to take up hiking. Now I have a hiking …
My parents taught me to be self-reliant. As a result, I have attempted to attack each challenge in my life head-on, by myself. It has taken me many years to realize that I cannot do all jobs alone. I need the help of others to make most of my goals become a reality. It ‘s …
GRC integration (integrating governance, risk management, and compliance) has multiple benefits to help organizations achieve their objectives. Through multiple OCEG maturity surveys there are several documented benefits of integrated GRC capabilities including: Improved alignment of objectives with mission, vision, and values of the organization Better decision-making agility and confidence Sustained, reliable performance and delivery of …
One of the most common questions I get from people trying to design and implement an integrated GRC capability, is “where do I start” or “how do I develop my GRC road map.” As Dr. Seuss famously said, “Sometimes the questions are complicated and the answers are simple.” This is true when it comes to …
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Culture and incentive issues appear to have caused the troubles at Wells Fargo. Details are still unfolding, but what we know is approximately 5,300 employees were fired and Wells Fargo must pay $185 million in fines to the US government for employees opening new accounts illegally, without customer knowledge. How could this have gone on …
Here is a quick video I recorded about the importance of integrity in Principled Performance. [video_player type=”embed” width=”560″ height=”315″ align=”center” margin_top=”0″ margin_bottom=”20″][/video_player] Integrity Movie on 7-19-16 at 4.06 PM Image: Shutterstock
