Adaptive governance is a framework for analyzing and monitoring the financial, social and operational foundations of the multilevel governance models that are successful in building resilience for the challenges posed by the ever-changing risk landscape. When it is possible to have an insight over the disruptive and ever-changing risk landscape, board members can aid in
In the ever-changing and disruptive business era Environmental, social and governance concerns are positioned at the top of the Board’s agenda. These concerns are central in terms of overall business growth and sustainability. To achieve its strategic objectives or goals, the organization’s need to align the ESG concerns and increasing stakeholder’s expectation with Enterprise Risk
Businesses are changing to embrace technological innovations. These rapid innovations are altering the business models and as a result, increasing the organizational risks. The innovations and ever-changing risk universe are challenging internal audit functions to be more relevant and specific. The Internal Audit framework must be able to assess and analyze the big amount of
With the ever-changing and dynamic business environment, there has been no single approach to risk management. The risk management strategies or approach should be rational, to quickly adapt to the ever-changing risk universe. Nature, complexity and constantly changing regulatory regulations in which the businesses operate, increases the importance of adapting and implementing effective risk management
Due to the digitization era, the majority of the companies are moving toward a digital business model, that is generating a vast quantity of data concerning customers. Thereupon proliferation of client data creates valuable opportunities for firms to research and bear on it. However, this can be creating people’s personal lives open and susceptible to
Like other risks associated with an organization, cybersecurity cannot be dealt with in vacuum. Board and C-Suite must strike the appropriate balance between the security of the organization and managing and mitigating losses while maintaining profitability and sustainable growth in a competitive environment. Cybersecurity is a significant enterprise-wide strategy and risk issue that affects
Managing and disclosing ESG (Environmental Social and Governance) risks is a compliance mandate in every significant jurisdiction. Identifying, navigating and being transparent about key ESG risks is critical for any company’s survival and long term sustainability. Businesses across all Industry Verticals need to understand potential ESG risks and use informed decision-making to respond to them
Disruptive risks are defined as those risks that have a significant, severe, and often sudden effect on a company’s revenue, profitability, competitive position, and/or reputation. Globally, Directors and the Companies that they oversee are facing disruptions caused by factors like geopolitical volatility, economic slowdown, emerging technologies, cyber-security threats, and climate change, among other forces. Whether
Crisis Management is one of today’s most urgent Governance matters, taking into consideration the continuously expanding Risk Universe attributed to dynamically changing Business Landscape, unpredictable geopolitical situations, increasing number of Cyber threats and increase in usage of advanced technologies like Automation, Artificial Intelligence, and Robotics. The most important theme to discuss at this time
An evolved approach towards ESG Risk and Value Environment Social and Governance (ESG) has now become an important factor for Organizational Sustainability. Formulating a comprehensive policy where the Business’ long term goals are very well integrated with ESG issues is now a part of every Company’s culture and environment, which is looking for long term