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
Since March 2020, I have been intimately involved in the COVID-19 response. I have also read and researched many articles related to this pandemic.
For me, there are 66 lessons that we can learn through our response and living through a pandemic. Some of these lessons may overlap with each other.
These 66 lessons have been categories into five categories. Continue reading
How to get better results by solving problems before they occur in a fragile worldWhen people think of problem-solving, their mind may instinctively jump to thoughts of things that are broken or things that need fixing.
Problem to most people is a matter or situation regarded as unwelcome or harmful and needing to be dealt with and overcome. Continue reading
Employees are often referred to as the greatest asset. Many authors and organisations have considered people as their most valuable asset. And there are good reasons for doing so.
Yet, there is mounting evidence to show that employees are also the greatest liability or risk for employers. They are not engaged in the workplace, are incompetent at their work, conduct employee theft, and are involved in political manoeuvring. When these occur, employees will more likely be making self-interest decisions that will not benefit their employer. Their actions can also cause financial and reputational damage. Continue reading
Using the 1918 Spanish flu pandemic as a model, experts have suggested that the COVID-19 outbreak will last between 18 and 24 months.
A group of researchers at the Center for Infectious Disease Research and Policy (CIDRAP) suggest that the outbreak would not end until 60% to 70% of the human population is immune to the virus. This may take between 18 and 24 months. Continue reading