Future Proofing Your Organisation With ERM

Description

In this lecture, the primary focus is on future-proofing an organisation's Enterprise Risk Manager (ERM). The session provides insights into how cognitive technologies can enhance human decision-making processes within the ERM framework. It emphasises the growing importance of controls, which are becoming pervasive, and how behavioral science contributes valuable insights into understanding and managing risks.

The course segment highlights the significance of vigilance and resilience as crucial elements that complement traditional prevention methods in risk management. It explores the expanding scope and application of risk transfer strategies and how innovation takes the lead, with regulations following suit to adapt to changing landscapes.

A notable point of the discussion is the concept of risks evolving into performance enablers. The lecture emphasizes the need for collective risk management in the networked economy, where organizations must collaborate to address risks effectively. Additionally, the lecture anticipates that disruption will be a central concern for executive agendas, reflecting the dynamic nature of modern business environments.

Another key topic covered is the acceleration and amplification of reputation risks in the evolving landscape. This implies that protecting and managing an organization's reputation will become increasingly challenging and essential in the future.

The lecture concludes by providing executive perspectives on the top risks for both 2022 and 2031. This comparative analysis offers valuable insights into the changing landscape of risk management, allowing attendees to anticipate future challenges and adapt their strategies accordingly.

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