In a previous CERM Insights I mention ESG (Environmental, Social, Governance) Risk. The U.S. and European governments are starting to stress ESG risk management. This article looks at the proposed ESG requirements of the Security and Exchange Commission (SEC), and the implication for quality management. Continue reading
Dianna Deeney in her piece in CERM Insights #362 notes that big data may provide the quality profession with more professional opportunities. Dr Anil Maheshwari in his book Data Analytics: Made Accessible specifically indicates that quality management will benefit from big data. (1) Continue reading
The 2022 Global Risk Report is the 17th risk assessment report. The preface to the report notes: “The 17th edition of the Global Risk Report identifies tensions that will results from diverging trajectories and approaches within and between countries and then examines the risk that could arise from such tensions.” (1) Continue reading
In CERM Risk Insights #354 I discussed the risk management study of local governments in New Zealand. One of the cases in the study was Environment Canterbury Regional Council. The regional council’s focus and the increasing concerns about environmental risks by both the public and private sector represents a challenge to the common approach used by most of the New Zealand local governments, ISO 31000:2018 and the International Organization for Standardization (ISO) more generally. This piece discusses this challenge to ISO 31000:2018 and its implications. Continue reading
On October 18, 2021, the Controller and Auditor General of New Zealand issued report entitled:” Our observations on local government risk management”. (1) The report is a follow up on a 2016 report “Reflections from our audits: Governance and accountability”. The 2016 report noted that risk management practices were needed in local government. The 2021 report is an in-depth examination of risk management practices of four councils: Auckland Council, Environment Canterbury Regional Council, Queenstown Lake District Council and Waipa District Council. Continue reading