Inside 3


Inside Magazine - Issue 3

Risk - February 2014

With today’s heightened awareness of the need for anticipating and managing risks in an evermore dynamic and uncertain environment, boards, audit, risk and compliance committees and C-suite executives are striving to better understand the broadest range of their actual or potential risk exposures and the effectiveness of their governance, risk, and compliance infrastructure. For this reason, we have chosen to dedicate this third edition of Inside magazine to the wide range of professionals involved in governance, risk management, compliance and internal audit issues.

Indeed, governance and risk management remain some of the most compelling issues of our time and are firmly at the top of the agenda. This is not only the result of it being one of the most prominent features of the regulatory landscape in many industries, but is also simply because the crisis has shown that conventional risk management and risk oversight have failed in the modern world where risks (e.g. disruptive technological shifts, cyber-crime, economic trends and evolving business models, regulatory sanctions, instantaneous global communications through social media, etc.) strike with a much greater impact and at a much higher speed of onset than in the past.

As we all know, there is no way to completely shield an organisation from the world’s uncertainty and turmoil. However, there is what we at Deloitte call a ‘Risk-Intelligent’ path. There are also ways to enhance value and manage risks that enable better decision-making and therefore maximise the likelihood of resilience and sustainable success.

In this edition we have gathered a series of articles written by a selection of some of our most prominent worldwide Enterprise Risk Services specialists. These authors have pooled their expertise to help Boards of Directors, Board Committees, Chief Risk Officers, Chief Information Security Officers, Chief Compliance Officers and Chief Internal Auditors bring more clarity and effectiveness to their risk governance and risk management activities.

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