Economia has a provocative article posted asking which companies are not prepared to handle a crisis
My post asks?
How much of this do you think comes from the now almost standard policy to “do more with less” which saves money up front, but can cost much more later?
Could these results be created from decisions made which (1) limit funding for the risk management / internal audit initiative, (2) too sharply limit the scope up front, or (3) limit funding to have in-house experienced enterprise risk management and operational risk management expertise in the team deployed?
The good news is that report spotlights a not too unexpected result, which at least starts the discussion toward a solution. You may be pleased to learn there are passionate experts out there, including myself, who love to spotlight Million Dollar Blind Spot© risks in time to be addressed and tackled.
Call the FiscalDoctor at 678-319-4739 to talk about your specific situation. www.FiscalDoctor.com or for an ebook / workbook free link on Getting Governance Right