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Articles
Coca Cola on Risk Identification & Risk Resources
Of the many things that effective leaders can do to reach their goals, properly identifying risks is one of them. Education is another. In this issue of Commentary, we look at how Coca-Cola identifies their corporate risks, and how they educate their people on risk management. Finally, we refer to resource rich research which provides […]
Lessons from U of Calgary’s Cyber Ransom: How to Protect your Organization
Why would a sophisticated university need to succumb to paying a ransom to petty cyber thieves? According to Linda Delgetty, University of Calgary’s Vice-President of Finances and Services, “…. we did that solely so we could protect the quality and the nature of the information we generate at the university.”1 In other words, the university […]
Taking Calculated Business Risks in a Volatile 2016
As the dust from 2015 settles, Canadian business leaders return to their desks facing a daunting list of new and emerging risks in 2016. The big winners will be those executives and boards who work collaboratively to select the best growth opportunities, and take calculated risks pursuing them. How will they do this?
Staying Current on Leading Risk Management Practices
I was honoured to be included on a panel at this years FEI Canada’s annual conference held in Winnipeg in June 2015. A large audience attended the session on Leading Practices in Implementing Risk Management. This subject is evidently top of mind at many organizations in Canada. In writing this article which appears in the […]
Protect Yourself: Snapshot of Directors & Officers Duties, Liabilities, and Insurance
Oversight of protection for directors & officers against litigation may be one of the most important actions a business leader undertakes, yet this function is often overlooked. As a guest speaker at the Canadian Society of Corporate Secretaries (CSCS) annual conference in Montreal in August 2015, I outlined a key rule which surprised some attendees: D&O’s […]
Changing the world, one water well at a time
On July 4th 2015, The Globe and Mail Report on Business published a story on an initiative I’ve had the pleasure to lead. (1) As Canadians, we are fortunate to be among the top four countries in the world with clean, drinkable water (behind Sweden, Austria and Norway). (2) Sadly, 3.5 million people die annually from ingesting diseased […]
Quantifying What Keeps Leaders Awake at Night
It was a pleasure to be acknowledged as a contributor to an excellent paper appearing in the UK’s widely read “Governance” magazine, March 2015 Issue 249.1 In their article entitled “Risk Oversight”, esteemed colleagues Ghislain Giroux Dufort (of Baldwin Consulting) and Denis Lavoie (of VIA Rail) address how executives and directors of organizations can monitor […]
Regulatory Risk: Officers and Directors Face Big Personal Liabilities
I was pleased to be recently quoted in the covering story in the January 2015 issue of “Canadian Insurance”, however, the key message should be alarming for Canadian executives and directors. Recent adjudication by the courts relating to pollution clean-up costs at the now bankrupt Northstar Aerospace has left 13 executives and directors personally liable […]
Cyber Risks: Getting to Critical Investment Decisions
Leaders and directors of organizations are now inundated with grim statistics about cyber security risks and the consequences of not acting to protect their organizations. Therefore, why are cyber security investment decisions stalled in many organizations? In order to lead change in this area, the top people in organizations need to talk the talk, obtain […]