Governance

Risk Culture and the Human Factor

By:  Geoff Trickey Over three years, PCL psychologists have been researching human factor risk. This is a topic with a chequered and confused history. Neither academic psychology nor the risk professions had established a coherent conceptual framework or made any…

Governance and Records in Closely-Held Companies

By: Valerio Giannini Corporate governance isn’t important until it is. The greatest hazard of poor governance is compromising protection against personal liability. In addition a review of corporate governance records is high on the due diligence lists of lenders, investors…

Risk Appetite – Key Concepts

Introduction A risk appetite is the amount of risk a firm is willing to accept in order to achieve its objectives. The purpose of the risk appetite is to assist in the process of setting the firms strategic objectives and…

Reverse Mergers: Beauty or Beast?

By: Valerio Giannini Reverse Mergers can’t be all bad. Even the New York Stock Exchange did one. Reverse Mergers, however, like Pit Bulls, have a bad reputation, often well deserved, but not always. Reverse Mergers are a quick and relatively…

Walking on Shifting Sand ERM in the Age of Uncertainty

By: Geary Sikich Governments and companies worldwide are emerging from the current financial crisis and subsequent recession. While governments are crafting new regulations, businesses around the world are walking in shifting sand as risk exposures are high and new regulations…

The Power of Feedback Loops

By: Todd Cooper Enterprise risk management (ERM) is a practice that has gained momentum in response to the global financial crisis. Across the financial services industry, ERM is moving to the center of strategic decision making and many institutions are…

Silos Belong on Farms, Not in Banks

By: Amy Downey & Amy Fields Many banks still manage risks—compliance, operational and financial—separately in silos throughout various departments and operating entities across their organization. In doing so, upper management is not only left open to unforeseen threats and potential…