SOA Blog

Risk Management News: April 2012

Each month we provide links to the best online articles and conversations about risk management. If you would like to add to this list, just leave a summary and a link in the comments section. Enjoy the links for the month of April 2012.

  • A recent survey of nearly 1,500 executives globally entitled, “Risk Management in a Time of Uncertainty” showed that while the focus on enterprise risk management has increased, the majority of companies lack a strong “risk-aware culture” and feel they have a long way to go. In addition, when describing their company’s risk cultures, about two-thirds of executives say they’re basic or reactive. The survey was conducted by the Harvard Business Review and published by Zurich Financial Group. (Source: Sustainable Business Forum)
  • In a recent interview with Sally Bernstein, a principal with PricewaterhouseCoopers, Eric Krell poses questions regarding the ways in which companies should manage the growing complexities of governance, risk management and compliance programs, resulting from issues such as the financial crisis and regulatory demands, as well as other factors, such as technology and social media. To establish a successful compliance program, Bernstein stresses the critical importance of building a culture of compliance, which should serve as the foundation of the compliance framework. (Source: Business Finance)
  • A blog post by ITBusiness Edge addresses Google’s recent announcement of Google Drive, a new cloud-based file storage, management and sharing service, which presents security officers and risk managers with the challenge of managing their staff’s use of the program and the potential threats associated with sharing sensitive corporate information with Google. (Source: IT Business Edge)
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