The politics of a country certainly do have an effect on every business, whether small or large. Governments are always trying to implement policies that foster business and economic growth. However, in their quest to do so, sometimes a lot of red tape, bureaucracy and corruption hinder their progress often… Read More »Understanding Political Risk
Enterprise Risk Management
Since the onset of the global financial crisis in 2007, the number of fraud cases reported at work has risen and yet still many organisations are struggling to implement effective and efficient anti-fraud strategies. History has taught us that, lack of proper fraud detection and prevention systems and controls within the organisation, can actually bankrupt a business. In this article, I look at strategies that an organisation can use to keep ahead of fraudsters and also look at organisations that collapsed as a result of undetected fraud.
Globalisation and new technological innovations are shaping the way businesses interact and conduct business with each other. However, regardless of the opportunities they both bring, these new developments are also presenting an enormous amount of risks to businesses of all sizes. Businesses have become so integrated to the extent that… Read More »Business Continuity Planning
The events of the past 18 months or so highlighted some areas of weak risk management within various organisations. Questions were and are still being asked: What exactly went wrong? How come we didn’t anticipate this recession? Where were the risk managers or the governments? etc When something goes wrong,… Read More »ERM Helps Create And Maintain Enterprise Value