Just like the Brexit win 2 months ago, Donald Trump’s election as US President beggars belief but has some valuable lessons to learn from both a Risk Management and corporate governance perceptive.
Why is business now OK with Trump? It’s due to widely adopted view of billionaire Peter Thiel (co-founder of PayPal) to “take Trump Seriously, Not Literally”. Continue reading
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The $3.5 trillion U.S. Federal Government is one of the largest and most complex organizations in the world. Recently the Office of Management and Budget mandated all federal agencies to implement and integrate Enterprise Risk Management (ERM) into their strategic planning, strategic review and internal control processes (Revised OMB Circular No. A-123, July 2016). Continue reading
Yes, building risk culture is that easy! Before I explain, let me first clear few weird misconceptions about risk culture that have been floating around in the non-financial companies:
Making decisions under uncertainty is not natural for humans Continue reading
One article title this week screamed: “Trump Put Companies on Notice: Outsource At Your Own Peril.[1]
President Elect Trump had his first news conference this week and a reporter asked a question of US companies continued sourcing. His response was:
“when you want to move your plant to Mexico or some other place … you’re going to pay a big border tax.”
Ouch. We have heard the tax may be 10% to 35%. Continue reading
What did Albert Einstein, Ludwig von Beethoven, Leonardo da Vinci, Marie Curie and George Washington Carver all have in common? They were all extraordinarily tapped into the imaginative and visual power of the right brain. Playing with jigsaw puzzles daily will tap into the right brain and will could help reduce the risk of dementia. Continue reading