Thank you for visiting RiskBoard and for your interest. Let me begin by sharing with you my blogging objective and passion for risk management.
The 21st century started with corporate failures. First the dot-com bubble burst, and then Enron and WorldCom accounting failures came to light. Subsequently, on the upside, technology connected the globe. While organizations were still learning to adapt to new regulatory requirements and globalized network, the financial crises rocked the world. The turmoil continues, old bastions - US and Europe – are in recession. With the emerging countries coming in the forefront, a new economic world order is being established. In this age of turbulence, good risk management has become key for corporate survival and growth.
The above-mentioned risk management failures to an extent can be attributed to holding the stick from the wrong end. In order of importance – leadership, strategy, culture, finances, processes, and technology – are required to run an organization successfully. However, maximum focus on risk mitigation in the past was in respect to finances, processes and technology. Risks about leadership, strategy and culture were often ignored. I am focusing my energies on discussing risks relating to these three aspects besides the others.
Thus, the aim is to engage, debate and discuss with business executives, risk management activists, corporate citizens and students, the various facets of this field. Hope is, that by building awareness, sharing knowledge and developing new concepts, readers will apply them in their organizations. Dream is, to make every employee consider risk management as part of his/her job.
Moreover, organizations must strengthen business ethics and risk management practices to flourish in this chaotic environment. The future will be the same as past, unless corporate world focuses on managing risks. Hence, we need to collectively work to avoid future disasters. With a few small things, a few candles lit, some darkness is removed. In Mother Teresa’s words - “I can do things you cannot, you can do things I cannot; together we can do great things.”
Obviously, if you are interested in risk management, by now you must be wondering whether I am knowledgeable enough to write about these topics. I am a qualified Chartered Accountant (India) and a Certified Internal Auditor (USA). I have also cleared Certified Public Accountant examinations (Delaware, USA). I have 15+ years of experience in risk management consulting in areas of strategic, financial and operational – process, fraud, technology – risks. I gained this experience while working in HSBC, Intel, Ernst & Young and other firms. Besides being a blogger, I have fulfilled roles of consultant, researcher, external auditor, internal auditor, fraud investigator, information systems adviser, process engineer and trainer. My detailed work profile is available on LinkedIn. Click here to read it.
On this blog you will find an array of articles on business ethics, corporate governance, risk management and related areas. By subscribing and participating in the discussions, you will join numerous corporate citizens wishing to bring better focus to risk management practices.
Your feedback is extremely valuable to me, please do spare a few minutes to share your opinion. If you wish to connect with me, you can send me a mail on my LinkedIn profile, write me an email at “jaspal(dot)sonia1@gmail(dot)com”, follow me on Twitter “@soniajaspal68″ and/or join my fan page on Facebook at “facebook.com/RiskBoard“.
Have a nice day and thank you again for visiting my blog.