Risk management

Start with a decision from the leadership and board to have a child safety culture. Get their input from children and parents in your organisation. Continually review your culture and processes…

Recent key cases have helped provide some guidance on challenges for business of the gig economy and casualisation of the workforce. Casuals that are excluded from the annual leave NES are…

Poorly overseen and managed non-financial risks can result in systemic misconduct and hundreds of millions of dollars of consumer losses. A report from ASIC’s Corporate Governance Taskforce sets…

Fresh food safety has not received widespread governance attention, partly because consumers expect high levels of service continuity. While largely voluntary currently, black letter law is on its…

Operational GRC is often overlooked but it is just as important as financial GRC and potentially carries more risk. Operational GRC is accountable to a wide range of local and national regulators,…

Groupthink is a psychological behaviour that impairs rational decision-making. Structuring a risk workshop correctly and introducing anonymous voting are methods of improving…

New report from Governance Institute predicts changes to the role of the governance professional by 2025. Artificial intelligence and machine learning in business will change the role of the…

Operational technology is being adapted for competitive benefit but it is not subject to the same level of scrutiny as traditional IT. Changing the lens of cyber resilience must include the safety…

From July 1, Australian companies are obliged to give protection to whistleblower employees. Companies have until the end of 2019 to institute a compliant and comprehensive whistleblower…

This article sets out key themes which have emerged from the recent APRA Information Paper ‘Self-assessments of governance, accountability and culture’. Potential areas of concern for institutions…

APRA's prudential standards, while specific to APRA-regulated entities, set out a useful risk management matrix for all companies using OCCS. APRA has recently published an updated information…

Cybercriminals are increasingly finding ways to manipulate human trust in order to bypass the security protocols they can’t overcome via technical means alone. While board members set the tone for…

From a provider’s perspective what does the royal commission presage in enterprise risk management terms? If an organisation has a current and effective ERM process then it needs to be reviewed,…

Over 87 per cent of company value today is now in intangible assets. Less than 0.5 per cent of data is actually ever analysed and used. In unlocking the value of big data there are some…

For most organisations, its workforce is its largest cost and arguably its biggest asset. Companies that do not plan for the right workforce are more vulnerable to obsolescence. Strategic…

Intangible assets represent the majority of a company’s value. However, intangible asset risk is often underestimated or ignored. Identifying unrecognised intangible assets may generate new…