SEARCH

However, we know that programs that support: quality, safety, risk, regulatory, environmental, and other

Taking risks (calculated or not) has always required courage. It may work out or it may not. When it comes to communicating, we need to fear the risk associated with keeping silent more than the risk of speaking up.

Compliance with safety regulations and stakeholder commitments protects your employees and reduces the risk Real-Time Monitoring : Proactive monitoring and risk measures help identify and contend with potential it's a program that helps deliver benefits – the outcomes from always being in compliance and ahead of risk

Evaluate Defences & Develop Improvement Roadmap The framework or standard you choose depends on the risks three frameworks: Cybersecure Canada Program - this is great place to start if your exposure to cyber risk framework has been selected additional detailed assessments can conducted based on the kinds and level of risk The goal is to: Identify the risks that really matter. Uncover strategies and plans that already exist that contend with these risks.

When it comes to contending with risk it is important to have an understanding of the nature of uncertainty – the root cause of risk. with some level of confidence which facilitates decision making with respect to "buying down" these risks We call these reducible risks. Aleatory uncertainty has to do with chance. For risk management to be effective it must adequately contend with both kinds of uncertainty.

That's why confidence levels are an important measure of success for all risk & compliance programs. is by having an operational compliance program to properly contend with obligation and operational risk resiliency, sustainability, quality, safety, diversity, or any of the abilities that contend with the risks

related to privacy, security, safety, sustainability, and quality, along with others categories of risk Operationalizing all these obligations in a cohesive manner is crucial for mitigating risks, driving It's not merely a checklist exercise; rather, it's a dynamic commitment to buying down risks and advancing This shift has propelled compliance into a proactive sphere, where risk mitigation is interwoven with essence of compliance lies now with its performance to transform obligations into opportunities and risks

This could involve categorizing obligations by compliance area, risk level, or regulatory authority. By shining a light on compliance processes, organizations can identify potential risks and take steps By using the Lean 5S methodology, organizations can streamline compliance processes, reduce the risk

There is more at stake then access to software; we are at risk of losing our souls. With the rise of Artificial Intelligence systems, the demand for data and access to our digital representations confidential corporate and private data to AI chat-bots putting themselves and their businesses at risk

An Example In highly regulated, high-risk industries organizations must use a Management of Change (MOC ) process to assess and mitigate risk due to planned changes.

For them, change introduces the opportunity for risk. To overcome resistance one needs to first contend with risk. industry or compliance system involved, the purpose remains the same, which is, to avoid unnecessary risk An MOC process provides a structured approach to capture a change, identify and mitigate risks, assess Further reading on managing change: https://www.leancompliance.ca/post/the-most-important-risk-control

control chart is used by many organization to monitor their game play and predict when they are at risk There are other lines —lines of defence – that help to stay ahead of risk. Many ask why we describe compliance as: staying between the lines and ahead of risk. Now you know. At the same time, compliance work to keep risks at bay, preserving the robustness of defence mechanisms