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Australian institute of Company Directors (beta)
A probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through preemptive action.
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Governance Leadership Centre
What key directors have to say about risk and resilience
1 December 2020
Facing mounting strategic and operational risks, senior directors discuss the lessons they've learned in building resilience in this special Company Director-FM Global roundtable.
Crown Resorts inquiry puts risk management in the spotlight
1 December 2020 | Professor Pamela Hanrahan
From allegations of money laundering, breaching gambling laws and links to organised crime groups, the Crown Resorts inquiry raises questions about the Sydney casino board's ability to manage non-fina...
Why climate change risk hasn't gone away
30 October 2020
Analysis by MinterEllison on corporate climate change risk reporting should be a wake-up call for companies that have not improved their disclosure in 2020, says special counsel Sarah Barker.
Risk and compliance: rethinking the three lines of defence
30 October 2020
The Institute of Internal Auditors has updated its three lines of defence risk model. CEO Peter Jones shares what directors need to know.
Liability and Compliance
Tesla chair Robyn Denholm's tips for driving a culture of innovation
30 October 2020 | Beverley Head
From ensuring your board has a strong focus on strategic risk to developing a cyber strategy, Tesla chair Robyn Denholm reflects on leadership and governance lessons.
Critical reporting risks boards should consider when reviewing financials
22 October 2020
Insights from BDO’s recent Financial Reporting Risk Review show that of the major concerns currently facing organisations across corporate Australia, cash flow is the most pressing financial rep...
Board and management
Risk takes the spotlight in board crisis lessons
6 August 2020 | Shelley Dempsey
What lessons have we learned about risk in the wake of the crisis? Many boards were under prepared for the unprecedented COVID-19 crisis and now face intense pressure to get their strategic risk manag...
How should directors manage non-financial risk?
1 August 2020 | Professor Pamela Hanrahan
Westpac's admission of board responsibility for compliance offers a key lesson for boards on managing non-financial risk, says Professor Pamela Hanrahan.
Why the public sector is less risk-averse after the crisis
23 July 2020
The Australian Public Service has adapted during the COVID-19 crisis and new research shows it is generally less risk-averse and more open to innovation as a result. Kerstin Oberprieler, Co-Founder an...
7 steps to consider when reviewing risk management
1 July 2020
Now is a good time for boards to review their risk management strategies, say Peter Deans and Anthony Stevens.