Deloitte Risk Angles Series
Staying ahead of what's next
Risk Angles is Deloitte’s series of short, powerful interviews, designed to inform on pressing risk topics. Explore a wide range of governance, risk, and compliance issues – and stay ahead of what’s next.
Risk Angles - Exercising Risk Oversight
Boards of directors are working hard to define and fulfil their risk governance and risk oversight roles and responsibilities. The changing economic, business, competitive and regulatory landscapes ensure that this work will continually evolve, so staying abreast (or ahead) of developments is the order of the day, both locally and globally. Within that context, and given competing responsibilities, boards need to prioritise their risk oversight efforts toward the most productive and impactful areas that assist management inways that benefit shareholders and other stakeholders the most.
Risk Angles - Managing risk in the midst of volatility
This edition looks at how volatility has become a norm in the business environment and how organisations need to pre-empt risks and prepare appropriately to ensure that they manage risks in the most efficient way.
Risk Angles - Third Party Risk
Simply put, third-party risk is the potential risk that arises from organisation’s relying upon outside parties to perform services or activities on their behalf. The use of third parties is nothing new - companies have worked with suppliers, outsourcers, licensees, agents, and the like for years. What has changed, however, is the frequency and scale of third-party use and the regulatory focus on how organisations are managing third parties to address the inherent risks. This paper discusses the escalation in third-party risk and the ways organisations should be mitigating it - but often aren’t.
Risk Angles - Project Risk
Despite decades of experience with formalised project management methodology, widespread awareness of the need to identify and manage risks, and increasingly sophisticated supportive technology, organisations still struggle to execute projects successfully. Problems such as cost overruns, missed deadlines, and failure to meet business requirements have become so frequent they are largely expected and, for the most part, accepted as the norm.
Risk Angles - Five questions on white collar crime
White-collar crime is a well-known and widespread problem that impacts brand value and reputation, goodwill, and profitability of many organisations; any one or a combination of these outcomes ultimately impacts stakeholder value. In addition to the risk of losses from white-collar crime itself, companies also face spiralling costs in related areas. Compliance with increasing regulation, ongoing crime detection efforts, internal investigations of potential wrongdoing, external enforcement actions and any associated fines and penalties, class action lawsuits, and other litigation are among the factors driving up both the costs and risks associated with white-collar crime.
Managed Forensic, developed by Deloitte based on actual experiences with clients’ challenges across industries, allows organisations to comprehensively and robustly manage the risks of white-collar crime.
Risk Angles - Five questions on reputation risk
Leading companies address reputation risk as an ongoing strategic issue, recognising that managing reputation risk requires constant vigilance. Ultimately, how a company manages the expectations and performance related to its reputation determines whether value is created or destroyed.