As Environmental, Social and Governance (ESG) issues continue to grow in importance for mainstream investors, KKR’s pioneering environmental initiative provides the resources and tools necessary for its participating private equity portfolio companies to determine materiality and the means to measure it. Continue reading
Given ISO 9001:2015, we see new emphasis on executive involvement, who may even be the Chief Risk Officer (CRO) someone with lots of experience, most probably in IT, operations, legal or accounting.
Now let’s look at IT side of the risk business, where the CRO will need allies who grew up in computer science or something similar (philosophy?). Since IT is integral to all processes and project, we think that this is where we think most risks will reside. The CRO’s best friend may be the CEH, the Certified Ethical Hacker. Continue reading
Six Sigma is a powerful tool used to solve a problem or improve a process. The company (one of the 4 big defense companies) I worked for over 20 years lived, breathed and ate it every day. I became a six sigma specialist. For those readers not familiar with six sigma, I offer the following example to hopefully provide some insight into how it works and the benefits it offers. Continue reading
Ah, the job search.
Rejection isn’t meant for the faint of heart and in a job search one must have a bullet proof ego to withstand hours of searching for the right job, applying, networking, re-writing the resume – and other mind numbing tasks in order to do one simple thing – replace an income. Continue reading
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SO 31000 is 23 pages long, but these pages provide an entry level Enterprise Risk Management (ERM) guideline.
Why is this important?
An organization develops ISO 31000 ERM capabilities to provide a structured, consistent, disciplined, and achievable approach to risk management that facilitates Risk Based Thinking throughout the organization. Risk Based Thinking is composed of 1. Risk based, problem solving (RB – PS) and 2. Risk based, decision making (RB –DM). Both RB – PS and RB – DM are the basis for all management and supervision. We discuss this in our new book: ISO 31000: Enterprise Risk Management. Continue reading