A Day in the Future – Tomorrow’s tasks and reality of a GRC Officer

It was a pleasure and honor to predict a future GRC Officer’s routine work-day. As story-telling becomes relevant for the function, it was a fascinating experiment to not write a “conventional” article, but include the message into a short science fiction-story. Continue reading A Day in the Future – Tomorrow’s tasks and reality of a GRC Officer

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The Cost of Corruption in Catan

Corruption sabotages processes, and with this steals from society, including citizens and organizations. With different theories and statistics a negative impact of corruption on economic growth can be confirmed. Less abstract you can experience this easily while playing the famous board game Catan. Continue reading The Cost of Corruption in Catan

Business Philosophy according to Enzo Ferrari, 7. edition

The 7. edition of “Business Philosophy according to Enzo Ferrari” received a new cover design, showing Enzo at the entrance of the famous restaurant “Il Cavallino”. A good starting point, as hospitality is part successful business culture. Furthermore, the cover shows the two “business units”, the racing department and the exclusive street cars. Continue reading Business Philosophy according to Enzo Ferrari, 7. edition

Risk Appetite and the Lauda Formula

Niki Lauda’ famous quote “I accept every time I get in my car there’s 20% chance I could die,” teaches us precious lessons how to create an efficient corporate risk assessment; not only identifying risks,  but adequate act based on them.  Continue reading Risk Appetite and the Lauda Formula

Utilitarianism and Autonomous Vehicles

The Stanford Encyclopedia of Philosophy defines Utilitarianism: “Though there are many varieties of the view discussed, utilitarianism is generally held to be the view that the morally right action is the action that produces the most good. A clear mathematical reason, nevertheless a sophisticated philosophical discussion what produces the most good (or in the trolley dilemma the less evil), a pure counting of individuals does not solve the problem. Continue reading Utilitarianism and Autonomous Vehicles

Third Party Risk Management and Oversight Summit 2019

Thanks to everybody at Foundation Research Associates and Compliance Week, it was a pleasure and honor to speak at the Third Party Risk Management and Oversight Summit in New York. Great circle or participants, took home a lot of relevant information and new inspirations!  Continue reading Third Party Risk Management and Oversight Summit 2019