Know Your Threats

February 27, 2020

Know Your Threats

Faced with these unpleasant possibilities, organisations need to be proactive about cybersecurity…

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The Need For Speed

February 27, 2020

The Need For Speed

It is important also to determine if the crisis response team can be effective…

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So How Are We Doing?

February 26, 2020

So How Are We Doing?

One of the advantages of collecting such data and keeping it current is that it will…

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Tracking Risk Maturity

January 23, 2020

Tracking Risk Maturity

Although ISO 31000 and ISO Guide 73 talk about Risk, there is no actual guidance about how its maturity should be tracked

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Virtual Risks Can Be A Real Nightmare

January 23, 2020

Virtual Risks Can Be A Real Nightmare

A local university was recently threatened with the potential leakage of personal details of more than 1 million students and alumni if they failed to improve the security of their portals

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Risk Overview for 2019

January 23, 2020

Risk Overview for 2019

Many have been quick to predict another global financial crisis in 2019, but economists agree that 2019 will be the most challenging year in recent history

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Building Risk Culture

January 22, 2020

Building Risk Culture

As risk is about uncertainty in facing the future, it would seem logical that a desirable risk culture would position the organization to be proactive

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Understanding and Communicating Risk Appetite

January 22, 2020

Understanding and Communicating Risk Appetite

Risk appetite in an organization is set top-down. Strategic business objectives must first be established before risk appetite can be set to support those objectives

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Driving Value via Continual Improvement

January 22, 2020

Driving Value via Continual Improvement

Much of this continuous improvement engagement process focuses on lean processes to drive enhanced customer experience, efficiency and cost reductions – all of which are critical to success

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The Usefulness of the Concepts of 3 Lines of Defense

January 22, 2020

The Usefulness of the Concepts of 3 Lines of Defense

ERM practitioners and business professionals globally have reported increasing levels of risks and have sought structures and frameworks to deal with these various emerging scenarios

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Integration of ERM in Strategic Planning and Execution

January 22, 2020

Integration of ERM in Strategic Planning and Execution

Strategic Planning helps to define and articulate the value proposition that the business brings to the market, and the way in which the firm intends to distinguish itself from its competitors.

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ASEAN Cybersecurity The Current Landscape

January 22, 2020

ASEAN Cybersecurity The Current Landscape

The elevation of cybersecurity to the regional economic agenda points to the increasing awareness that in this current reality, cyber risk isn’t just an IT risk. It is also an economic and business risk.

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The Risks of Everyday Living

January 22, 2020

The Risks of Everyday Living

Risks that emerge in the course of doing day-to-day business in any industry are called operational risks. These could extend from something that goes wrong with the organisation’s systems, procedures or people

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Point of No Returns

January 22, 2020

Point of No Returns

When a borrower does not repay what has been borrowed, the lender experiences the difficulties which are the manifestation of credit risk.

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Much Ado About Corporate Governance

January 22, 2020

Much Ado About Corporate Governance

When it comes to corporate governance, opinions differ. It has, of course, become a prerequisite to listing but who really owns it, within the corporate context?

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Measuring Corporate Performance

January 22, 2020

Measuring Corporate Performance

Constant evaluation is a must; continuous benchmarking against the competition a necessity. But how should it be done?
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The Cost Of Corruption

November 5, 2019

The Cost Of Corruption

How much does corruption cost – not exclusively in monetary terms, but to business, and by extension, to the national economy as a whole?
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Another Approach To Risk

November 5, 2019

Another Approach To Risk

Few companies greet risk with open arms; most approach it with extreme caution and intense dislike.
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It Won’t Go Away

October 15, 2019

It Won’t Go Away

The spectre of cybercrime is more than an inconvenient truth that will not go away; it is a growing phenomenon that threatens to engulf whole businesses and disrupt entire industries, whether or not people choose to ignore it. Read more

Crisis Management And Brand Resilience

October 15, 2019

Crisis Management And Brand Resilience

When a crisis hits, people usually pay attention to the business side of the crisis, but the human side of it needs just as much attention. It’s not just the risk managers who should be involved with managing the situation; HR should be involved with crisis management too. Read more

Challenges In Corporate Governance

October 15, 2019

Challenges In Corporate Governance

Corporate governance is the systems with which an organization is run, delineating the roles and interests of stakeholders, board members, executive staff, and to a certain extent, members of the wider community. Read more

Can Millennials Survive In The Corporate World?

October 15, 2019

Can Millennials Survive In The Corporate World?

In the next few years, Millennials will make up more than 75 percent of our modern workplace. According to a millennial survey conducted by a Big 4 accounting firm, Millennials’ opinions about the motivation and ethics of business have spiralled downward. Read more

Business Continuity Management

October 15, 2019

Business Continuity Management

As a form of crisis management, business continuity management (BCM) has evolved since the 1970s in response to the technical and operational risks that threaten an organisation’s recovery from hazards and interruptions. All business ventures have hazards and disruptive factor with which to contend. Read more

The Star: A Special MBA

August 17, 2017

As originally printed in The Star on August 27, 2017: In collaboration with the Institute of Enterprise Risk Practitioners (IERP) based in London, KDU University College unveils a new revolution to the business industry by introducing the world’s first Master of Business Administration (MBA) programme specialising in Enterprise Risk Management (ERM). Read more

The Edge Financial Daily: Disruptive Innovation has No Room for Complacency

May 24, 2017

Given how extensive technology has shifted our world today, being tech-savvy is no longer reserved for the younger generation, but a crucial requirement for today’s enterprise risk managers, said Bank Negara Malaysia (BNM) assistant governor Donald Joshua Jaganathan (pic).

 

For technological advancements are able to not just shape the world and business environment, but also render its users or institutions vulnerable to online threats.

As such, Jaganathan said there is a greater need for savviness for two main reasons: to harness operational efficiency and to quickly identify and respond to new sources of risks arising from these advancements.

Jaganathan, who is responsible for BNM’s supervisory function, said this in his keynote address at the 4th Institute of Enterprise Risk Practitioners (IERP) Global Conference 2017 in Kuala Lumpur yesterday. Read more

Edge Weekly: IERP Global Conference 2017: ERM — Turning Risk into Advantage

May 8, 2017

While working for a Kuala Lumpur-based international banking organisation, Ramesh Pillai found himself and his management team in a dire situation when the bank’s employees were caught in the 1998 riots in Jakarta, Indonesia.

“We had to evacuate our staff in Jakarta and relocate them to Kuala Lumpur, which we did successfully. We turned the Renaissance Hotel into our ‘Jakarta office’, which meant whatever calls that were made to Jakarta were answered in Kuala Lumpur,” Pillai recalls.

However, the staff eventually moved back to Jakarta despite the dangerous circumstances — a bold decision that made the front page of The Jakarta Post. Later, when normalcy returned, the bank was given additional licences by the Indonesian government to expand its business in the country. Read more

The Star: RAM to Set Up Institute of Enterprise Risk Practitioners

September 16, 2009

PETALING JAYA: RAM Holdings Bhd has teamed up with Friday Concepts (Asia), an expert in risk management and strategy, to set up the Institute of Enterprise Risk Practitioners.
The institute will design a certification programme titled Professional Certification in Enterprise Risk Management (ERM).

RAM said in a statement yesterday the primary goal of the programme was to foster a pool of well-qualified management experts and ERM specialists as well as to facilitate better networking among such professionals.

A comprehensive 12-day professional module had been specially created to equip participants with the requisite tools and knowledge.

The inaugural programme, to be launched next month, will produce its first batch of graduates in February.

As originally printed in The Star