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away from losing their regulator license and what is becoming as important their social license to operate past performance, and often after you hit the guard rail; hoping that it has stopped you from going over

uncertainty contributes to the lack of motivation to act which is a significant cause for failing to achieve operational As risk is never static continuous risk management is needed to keep companies operating between the As a result, you may still be left with a regulatory licence to operate but you may not have a business

Companies can use this information to see if they are taking on too much operational risk.

the financial bottom line and encompasses protecting value creation across all aspects of a company's operations When a company prioritizes short-term gains over compliance, it essentially devalues the very things

appropriate organizational outcomes, targets, and goals commensurate with their level of commitment and operational This is demonstrated when organizations operationalize their promises by embedding compliance objectives

Operationalize your compliance . This step is where you build what’s essential to operationalize your obligations. A minimum level of operability, Minimum Viable Compliance (MVC), is necessary before actual benefits essential capabilities along with building a culture of compliance that generates compounding benefits over

and opportunities associated with keeping commitments (i.e. promises) associated with obligations (Operational

Estimating the uncertainty of keeping all your promises (operational risk) associated with each obligation

By analogy, the internet has significantly changed the way we think and operate our businesses along Often these are developed over years and become part of the company culture. They already have sensors and control systems that monitor operations and collect lots of data all on maintain adequate margins, keep people and the environment safe, or generally reduce the level of risk in operating

Organizations with solid foundations in data management, security, and operational excellence will see This means being careful about where your data comes from, protecting privacy, and being open about how systems become more sophisticated, there are legitimate concerns that certain types of AI agents might operate

In previous blogs I discussed that ESG has more to do with a social license to operate rather than a

with sophisticated analytics and simulation, facilitating monitoring, analysis, and optimization of operations