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New approach needed to ERM and managing risk? Thinking the Unthinkable

I Just attended the inaugural AIRMIC ERM forum and  I found the first plenary speaker, Nik Gowing, was really thought provoking.

Topics: ERM Insights

Operational risk on a broader scale: 3 ways to turn vision into action

Earlier this week, Advisen’s Front Page News, a valuable daily collection of news related to risk management, directed me to a very useful article from American Machinist: “4 Things Plant Managers Need to Know About Operational Risk.” As the title of the article indicates, author Paul Leavoy’s piece is geared to operations management at manufacturing and heavy-industry firms; however, as I read the article, it occurred to me that Mr. Leavoy was shedding light on a challenge risk managers in any kind of firm often face: demonstrating to their operations colleagues that risk is not an “abstract, top-management priority that doesn't clearly relate to their roles or the boots on the ground they are responsible for.”

Topics: risk management enterprise risk management ERM