ORSA LOVE

LOVE YOUR ORSA REPORT!!! This might be a controversial statement, but stay with me and hear me out! If you prefer the video version of this blog, head over to YouTube and enjoy it. Otherwise, thank you for reading on ORSA is… The ORSA report details your own assessment of how your company’s current and… Continue reading ORSA LOVE

absolutely relative

I am venturing into Einstein-ian territory by pondering whether risk is “absolute” or “relative”. I came across this question whilst preparing a lecture at the Nanyang Technological University in Singapore. My long-term business partner Tan, Ching Guei and I got into a debate, when we put the slides together, as to whether risk is absolute… Continue reading absolutely relative

risk appetite defined

! a good risk appetite statement is a very powerful tool !  ?? Interested ?? Then please read on or head over to LinkedIn to enjoy the contents in podcast/video format. LinkedIn recently is buzzing with articles critical about the raison d’être of risk appetite statements and risk matrices. I’m a great fan of well-gauged… Continue reading risk appetite defined

a risk register needs numbers

NUMBERS MATTER A LOT Organizations often spend great efforts in Enterprise Risk Management. Risk register, risk governance, risk reporting … all is there. Occasionally though, one very important aspect of effective ERM, appropriate risk quantification doesn’t quite get the attention it needs. A risk register needs numbers! In one of the most popular blogposts that… Continue reading a risk register needs numbers

the master ERM receipe

THE ONE AND ONLY ERM RECIPE YOU EVER NEED A while back, I spent an intense day with post-graduate students at the Nanyang Business School in Singapore. We talked a lot about embedding ERM into strategy and business planning.  Towards the end of the day, we shared a summary slide. Much to my surprise, this slide caused an intense photo-snapping frenzy. Obviously,… Continue reading the master ERM receipe

loss control & strategic enabler

Good ERM is loss control & a strategic enabler Thank you for reading this most recent post in our “ERM in 3 Minutes Knowledge Series” (previous posts here). In this blog, I reemphasize that a solid and well-run ERM framework must cover the downside and the upside aspects of uncertainty. Megrow’s clients, readers of this… Continue reading loss control & strategic enabler

3 Minutes ERM: RESILIENCE

a schematic representation how sustenance, resilience and ERM are linked.

resilience, erm, sustenance What is RESILIENCE and how does it interlude with ERM and SUSTENANCE? There is no one size fits all answer to this question. Consequently, each entity needs to spend some quality time to define the terms. When engaging in this process, it is important to hold this conversation early to avoid confusion… Continue reading 3 Minutes ERM: RESILIENCE

3 minutes: ERM hurdles

climbing over ERM hurdles You got all the intent, ambition and ERM-skills lined up in your company: and still you are struggling to get much further than the first few hundred meters of the proverbial ERM-marathon? If that sounds familiar to your mental ears, then read on. In this post, I guide you over some… Continue reading 3 minutes: ERM hurdles

Published
Categorised as ERM, skills

THE COSO vs ISO SHOWDOWN

background I have blogged about the roll-out of the COSO ERM update back in 2017. In 2018, ISO updated their well-known risk management standard, too. Since then, I’ve spent considerable time studying and using both standards.  Hence, I now feel comfortable and confident to share my opinion about those two well-known ERM frameworks. In other words, bienvenu… Continue reading THE COSO vs ISO SHOWDOWN

CyberRisk: To Insure or To Ensure ?

Dr. Dennis Bessant, Specialist Advisor to Megrow, wrote this article in June 2019. the golden age of the internet Robert K Merton, an American sociologist, popularised the “the law of unintended consequences” in the 20th century; it says that actions always have effects that are unanticipated or not intended. What has a visionary social scientist… Continue reading CyberRisk: To Insure or To Ensure ?