IRMSA Risk Report – South Africa Risks 2015
The first annual Institute of Risk Management South Africa’s (IRMSA) South Africa Risks Report 2015 has been compiled within a specific context – that of a country still reeling from political and economic turmoil.
The Association of Mineworkers and Construction Union (AMCU) on 29 July 2014 announced the end of a 5-month platinum sector strike by 80,000 workers which resulted in a fall of nearly 25% in mining production. South Africa’s credit rating was downgraded by Standard & Poor’s (S&P) and Moody’s. The country’s outlook was shifted from stable to negative by Fitch Ratings, meaning that the country is a single notch away from junk status. The South African government continued to experience difficulties to meet the expectations of the population in terms of the fight against unemployment, poverty and corruption, potentially giving rise to increased social instability. The International Monetary Fund (IMF) slashed its economic growth forecast for South Africa by 0,3 percentage points to only 1,4% for 2014 and by 0,4 percentage points to 2,3% for 2015, suggesting that the sustainability of the country’s economy is under severe pressure.
King V Code on Corporate Governance – Disclosure Framework
The King V Disclosure Framework operationalises the “apply and explain” regime by prescribing how organisations must disclose application of the Code’s principles, exceptions on recommended practices, and conclusions on the four governance outcomes. It requires governing body approval, annual review and publication alongside other external reports, and allows cross‑referencing to integrated and other reports to avoid duplication. For each of the thirteen principles, it sets out an exception declaration plus specific qualitative disclosures, focused on satisfaction statements, key activities, and governance judgements needed for stakeholders to assess the quality of governance.
Integrated Strategy, Risk & Resilience (ISRR) Toolkit: Phase 3 Templates
Integrated Strategy, Risk & Resilience (ISRR) Toolkit: Phase 3 Templates In Phase III (Perform and Achieve), the toolkit shifts into execution with an integrated strategy process guide, a strategy workshop pack, a strategic initiative charter, a risk treatment and resilience planning matrix, a multi‑year resilience roadmap, and templates for incident management, crisis management, business continuity……...
A Strategic Management Process: The role of Decision-making Style and Organisational Performance
Purpose – The purpose of this paper is to present a conceptual framework for integrating strategic thinking factors, organisational performance and the decision-making process.
Nonprofit Organisational Resilience: Proposing a Conceptual Adaptive Capacity Framework
Nonprofit organisations (NPOs) play a key role in resolving the challenges and
inequalities prevalent in South Africa; however, turbulent events have led to existential concerns for many NPOs. It is important to understand how NPOs can augment their organisational resilience to mitigate existential concerns.
Global Risk Management Survey – Key Findings – 2023
Responses to the ninth edition of our Global Risk Management survey suggest that doing business has not become any easier since the last time we conducted the survey, in 2021. In fact, our respondents feel that doing business has become even more volatile and uncertain.
State of Risk Oversight – Enterprise Risk Management Practices – 2024
Organizations operate in a global environment where myriad uncertainties can arise and trigger risks impacting an
organization’s strategic success. Organizations with a robust, enterprise-wide and strategically focused approach to managing risks increase the odds that these risks can be managed proactively so that key strategic initiatives stay on track.
Comeback or evolution? Examining Organizational Resilience Literature in pre and during COVID-19
Purpose – The ability of companies to develop organizational resilience before, during and after crises is crucial for their development and growth. The future forecasts increasingly more crises, thus this paper aims at identifying key topics around organizational resilience in COVID-19 times, differentiating them of pre-crisis literature and synthesizing them into a research framework.
Data Governance: A conceptual Framework, Structured Review, and Research Agenda
Data governance refers to the exercise of authority and control over the management of data. The purpose of data governance is to increase the value of data and minimize data-related cost and risk. Despite data governance gaining in importance in recent years, a holistic view on data governance, which could guide both practitioners and researchers, is missing. In this review paper, we aim to close this gap and develop a conceptual framework for data governance, synthesize the literature, and provide a research agenda.
Measuring community disaster resilience at local levels: An adaptable resilience framework
Decision makers, practitioners and community members need to assess the disaster resilience of their communities and to understand better the risks they face from natural hazards. There is a lack of consensus on what resilience means and how it can be measured as each stakeholder potentially brings a different perspective to understanding community disaster resilience. The paper will identify the key features and characteristics of Community Disaster Resilience (CDR) frameworks from the literature to develop a resilience framework that can be adapted and customised according to stakeholder needs.