Come share a cup of coffee with us and enjoy some quick bites as Michael Rasmussen, GRC Analyst and Pundit – GRC 20/20 Research, LLC, speaks about “Navigating Chaos: Managing Risk in Dynamic Environment.”
Andaz London Liverpool Street
1901 Breakfast Restaurant & Events Space
40 Liverpool Street
London EC2M 7QN
|08:00 AM||Welcome – Coffee and pastries are served|
|08:15 AM||Speaker: Michael Rasmussen, GRC Analyst & Pundit | GRC 20/20 Research, LLC |
Topic: “Navigating Chaos: Managing Risk in Dynamic Environment”
|09:00 AM||Speaker: Eelco van den Top, Lead Solution Architect, GPRC | Corporater |
Topic: “Enabling Integrated Risk Management”
|09:30 AM||GRC Q&A discussion|
|10:00 AM||Event ends|
GRC 20/20 Research
Navigating Chaos: Managing Risk in Dynamic Environment
The physicist Fritjof Capra once said, “The more we study the major problems of our time, the more we come to realize that they cannot be understood in isolation. They are systemic problems, which means that they are interconnected and interdependent.” Capra was making the point that biological ecosystems are complex, interconnected and require a holistic contextual awareness of the intricacy in interconnectedness as an integrated whole – rather than a dissociated collection of systems and parts. Change in one area has cascading effects that impact the entire ecosystem. This interconnectedness and a demand for a 360° contextual awareness apply to the world of business. Organizations need to see the intricate relationships of objectives, risks, and boundaries of the enterprise. Gone are the years of simplicity in business operations. Exponential growth and change in risks, regulations, globalization, distributed operations, competitive velocity, technology, and business data encumbers organizations of all sizes. Keeping business strategy, performance, uncertainty, complexity, and change in sync is a significant challenge for boards and executives, as well as management professionals throughout all levels of the business.
Today’s organizations have to have holistic visibility and 360° contextual awareness of risk in the context of objectives across the enterprise. This presentation details how organizations need to be proactive in managing risk to be more:
- Aware. They need a finger on the pulse of the business and watch for a change in the internal and external environments that introduce risk to objectives.
- Aligned. They need to align performance, risk management, and compliance to support and inform business objectives.
- Responsive. Organizations cannot react to something they do not sense. Mature risk management is focused on gaining greater awareness and understanding of information that drives decisions and actions and improves transparency.
- Agile. Stakeholders desire the organization to be more than fast; they require it to be nimble.
- Resilient. The best-laid plans of mice and men fail. Organizations need to be able to bounce back quickly from changes in context and risks with limited business impact.
- Efficient. They build business muscle and trim the fat to rid expense from unnecessary duplication, redundancy, and misallocation of resources; to make the organization leaner overall with enhanced risk capability and related decisions about the application of resources.
Eelco van den Top
Lead Solution Architect, GPRC
Eelco is a certified GRC Professional (GRCP) and Solution Architect specializing in the design and realization of solution concepts within the GPRC domain. He has been a key resource in the development of Corporater’s integrated GPRC solution. When not involved in building solutions for the future he is found right in the thick of things, utilizing his unique blend of skills to facilitate clients on their digital journey.
Enabling Integrated Risk Management
The status quo is not sustainable.
Doing business anno 2020 is complex, and the challenge is managing ever increasing degrees of complexity. What used to only be relevant for large international organizations is becoming relevant for smaller business and non-profits. Examples are the frequent regulatory changes, changing workforce and the rise of new and disruptive technologies. And as if this increase in complexity is not enough, the organization’s internal and external stakeholders demand high performance, sustainable business models, transparency and increased social impact and awareness.
Many organizations fail to execute on objectives and strategies. Some organizations fail to stay in compliance with regulatory or other requirements or to adequately prepare for potential risks that impact them. The common thread in most of these cases seems to be a lack of ongoing, meaningful oversight.
This presentation details on leveraging technology to integrate performance, risk and compliance to achieve better business outcomes.