Risk wisdom from Michael | Norman Marks on Governance, Risk Management, and Internal Audit

My good friend and fellow OCEG Fellow, Michael Rasmussen, has shared some of his views/rants about the practice of risk management.

In Beyond the Heatmap: Rethinking Risk Management for the Modern Age, he tells us (with my highlights):

• In today’s rapidly evolving business landscape, risk management is no longer just about avoiding pitfalls—it’s about navigating the uncertain waters of opportunity and danger with agility and resilience.
• This new paradigm recognizes that risk is not just a challenge to be mitigated but an integral component of strategic decision-making. In an environment characterized by relentless change and uncertainty—driven by technological advancements, global interconnectedness, and shifting market dynamics—organizations must develop a proactive and adaptive risk management strategy. This means anticipating potential disruptions, seizing emerging opportunities, and building organizational resilience to bounce back stronger from setbacks.
• Effective risk management today requires a dynamic, forward-thinking approach that not only protects against adverse events but also leverages risks as catalysts for growth and innovation. 
• Effective risk management is a strategic tool that enables organizations…