risks ahead

Risk Management – Looking Forward 30 Years

Will we be riskier tomorrow than we are today? Risk-minded executives should be asking themselves that question. In this follow-up piece to his "Lessons from the Last 30 Years," Jim DeLoach makes predictions about what the coming 30 years will bring for the field of risk management. Spoiler alert: the landscape is likely to look quite ...

space shuttle

Risk Management – Lessons from the Last 30 Years

Lots of change has taken place in risk management over the past three decades. The kinds of risks organizations are exposed to, the speed at which they must respond, the very way we approach enterprise risk management -- all look entirely different than they did in 1985. Jim DeLoach outlines where we've failed and what we can ...

are you ready

Preparing for the Unexpected

Having rapid-response teams in place and prepared for the eventuality of a crisis does more for your organization than simply prime it to communicate quickly with shareholders and the public. Failure to respond and act appropriately in the immediate wake of a crisis could be the kiss of death for an organization. Risk assessment, however, can truly ...

base jumping

The Importance of Risk Culture

Risk culture - a reflection of a company's goals and values - evolves as the organization does. That's not to say that it can be ignored; on the contrary, it should be regularly evaluated and improved. Jim DeLoach outlines a myriad of ways executive management and the Board can make assessments and drive enhancements to risk culture.

meditation for business

Think Holistically When Managing Risk

While the goal of thinking holistically is laudable, the question arises as to what it means from a practical standpoint. DeLoach offers insights - and ways to put the approach into practice.


Gaining Traction with Enterprise Risk Management

Many efforts to implement ERM are unfocused, severely resourced constrained, and pushed down so far into the organization that it is difficult to establish relevance. The near-term results are “starts and stops” and ceaseless discussions to understand the objective.


Defining the Five Lines of Defense

Rather than segregating risk management responsibilities into their own silo, making them the purview of only a select few, companies would benefit greatly from an integrated approach in which every person in the organization is responsible to some extent in managing risk. Jim DeLoach presents a method involving five distinct lines of defense. Read on for details. ...

different languages

Using a Risk Model as a Common Language

Risk management cannot possibly go well when the parties involved aren't speaking the same (risk) language. Minimize misunderstandings by making sure that everyone involved is operating from the same framework when it comes to uncertainty in environment, process and information for decision making. Jim DeLoach breaks down for us exactly what that means.