What is Operational Risk Management (ORM)? Quite simply, it is the process of identifying and managing risks to an organization’s operations. This includes any activity or event that could adversely affect an organization’s ability to achieve its objectives. The Operational Risk Management function is responsible for implementing and overseeing this process. In this blog post, […]
If you are looking for a way to improve your financial security, a course in risk management may be the answer. Risk management is the process of identifying and assessing risks, and then coming up with a plan to address them. This can include anything from natural disasters to investment losses. A risk management course
The International Professional Practices Framework (IPPF) is a framework for professional practice. An IPPF Standard is a set of statements found in the IPPF Core Competency Booklet that describe what a professional with a particular title or role should know and be able to do. The individual statements are called ‘competencies’ and they help professionals
Tone at the top is a concept that was first introduced in an article written by John Kotter and James Heskett, which appeared in the journal “Harvard Business Review” back in 1990. The paper argued that successful organizations are usually led by people who have a shared commitment to honesty and ethics. The authors observed
In a world where ethics and compliance is becoming more important, it is vitally important to have a clear understanding of what these terms mean. A glossary of ethics and compliance terms is a list of definitions that can be used to help with this comprehension. In many workspaces, it becomes very difficult for people
In recent years, it has become clear that environmental, social, and governance (ESG) considerations are a major topic in the investment industry. ESG management is a strategy for how companies can responsibly manage these three factors in their operations, supply chain management, and investments. In this article, we will explore what ESG management is and
A non-corporate organization or LLC are businesses that don’t offer the same protections as a corporation, but also come with different risks. The most common types of non-corporate entities in the United States are partnerships, sole proprietorships and limited liability companies (LLCs). Non-corporations can be advantageous because they allow you to make more risk decisions