Many valuable lessons can be learned from the failures of risk governance in Australian banks.
The Commonwealth Bank of Australia (CBA) and Westpac Banking Corporation (Westpac), two of the largest banks in Australia had to provide Court Enforceable Undertakings in May 2018 and December 2021 respectively to the Australian Prudential Regulation Authority (APRA). Continue reading
Bob Leonard
Bob Leonard has a Bachelor of Science degree from Boston University and a Master of Science degree in Technology Marketing from Rensselaer Polytechnic Institute. He has a Futures Foresight Scenario Planning certification from the Futures School and a Climate Risk Management certification from the Global Association of Risk Professionals. He is currently completing the Applied Foresight Activator program at the Futures School. Continue reading
While there is oftentimes a “generational war” between the young and the old in the workplace, where the divide is created by the younger generation’s familiarity with technology and the older generation’s aversion to it, the multigenerational concern that plagues all age groups is that technology will outpace humans, leaving many unemployed. Continue reading
The Business Management Standard BMS75000:2020 promotes the 5As convention in the disciplines required for sound Business Management. In writing the procedure (BMAP01/001) to cover the practical application for the 5As convention to solve a Business Management Issue, it became apparent that two main types of business issue require a solution as well as a system to process. Continue reading
Some time ago, earlier in my career, I worked for a wonderful boss. She would stop by my office on occasion and ask ‘what’s new?’ or “how’s it going?’ Just a check-in. I often let her know about the current vexing problem I was struggling with at the moment.
The funny thing is she never directly solve the problem for me. She certainly could have. Instead, she would ask a couple of questions that always helped me to find the solution. This happened with problems concerning dealing with a difficult person, strange material properties, motivating change within a group, or finding someone that could design and run a computational fluid dynamic model for me. Continue reading