Internal control is the foundation of good corporate governance.This is the age of risk. Executives want a better way to control the risks within their enterprise as well as the extended enterprise of the supply chain.
How should this be done? The development of internal and external controls is becoming the preferred method to achieve continued profitability as well as manage risks. Continue reading
Gen. Fang Fenghui, chief of staff of the China’s People’s Liberation Army said:
Cyberattacks could be “as serious as a nuclear bomb” (The Wall Street Journal China: Cyber Attacks Are Like Nuclear Bombs.’ April 22, 2013).
The U.S. Director of National Intelligence, James R. Clapper recently announced:
“The growing use of cyber capabilities to achieve strategic goals is also outpacing the development of a shared understanding of norms of behavior, increasing the chances for miscalculations and misunderstandings that could lead to unintended escalation. (“Worldwide Threat Assessment of the US Intelligence Community” March 12, 2013.) Continue reading
ISO 9001 (2015) Committee Draft (CD) came out a few months ago. For giggles, I decided to take a look at it because I heard that it had risk in it. I was really surprised!
My thinking ran the gamut. It was a revelation. It was scary. It was an opportunity (OK multiple opportunities). Continue reading
The other day I was invited to talk to quality executives on risk management. These were quality executives in a sector that we don’t consult in.
I was invited because the quality executives wanted an outside perspective of risk management. This is critical as sooner than later ALL quality programs and initiatives will be moving towards or integrating risk management. Continue reading
In our last issue, we posed the following questions that we believe each quality executive should be able to answer about risk. The questions are: