Proactive risk management – expanding your ‘circle of control’

The first of the 7 Habits recommended by Dr Stephen R Covey in his classic self-development reference is to be proactive. “Anytime we think the problem is ‘out there,’ that thought is the problem. We empower what’s out there to control us…The proactive approach is to change from the inside out: to be different, and… Continue reading Proactive risk management – expanding your ‘circle of control’

COVID-19 requires updated risk management, strategies and operations

The NFP sector is not immune from the impact of the corona-virus (COVID-19). Developments arising from the spread of the virus constitute a ‘black swan event’, defined by Nassim Nicholas Taleb as an event that “is an outlier,” as it sits outside the realm of regular expectations. Black Swan events are therefore mostly unforeseen, rare,… Continue reading COVID-19 requires updated risk management, strategies and operations

The shared purpose mirror: Ideal decision and execution triangles

It has been widely recognised that good governance decisions involve identification of the ‘sweet spot’ where cost, risk, and benefit trade-offs can be achieved. A ‘mirror’ set of balancing factors is involved however when management is charged with implementation of those decisions – as illustrated above. Best practice strategy execution requires management to identify the… Continue reading The shared purpose mirror: Ideal decision and execution triangles

A climate for change

As hundreds of thousands of people of all ages join in the global #climatestrike, the International Federation of Red Cross and Red Crescent organisations has published The Cost of Doing Nothing, a report on the humanitarian impact of climate change. This is just the latest in a swag of reports and studies on climate change… Continue reading A climate for change

‘Curbing’ Social Responsibility – the new CSR

Government ministers’ rebukes of corporate leaders who comment on social issues have received news coverage again in recent days. The Assistant Minister to the Prime Minister, Ben Morton, criticised companies acting as “self-appointed moral guardians”. This is consistent with 2017 remarks by Minister Peter Dutton that companies should “stick to their knitting” rather than using… Continue reading ‘Curbing’ Social Responsibility – the new CSR

Driving value or being driven by fear

A response to ‘apocalyptic’ change narratives Some people love horror movies. They enjoy the adrenaline pumping through them as they imagine themselves the victims of some malign character or force, all the while knowing that it is a fantasy – a waking dream from which they will wake when the movie ends. There is an… Continue reading Driving value or being driven by fear

Governance ‘lines of sight’

To avoid oversights, directors need to ensure effective oversight. How ironic is it that a key governance term can have opposite meanings depending on the context in which it is used? ‘Oversight‘ is one of the roles of board directors, meaning they oversee (monitor) the implementation of the strategy they developed, along with the organisation’s… Continue reading Governance ‘lines of sight’

‘Mystery’ panelists aid selection

Having completed selection interviews with the assistance of a panel of senior and experienced personnel, there are usually some further processes required before confirming that an offer should be made to a preferred candidate. As well as reference checks to verify that claims made by the candidate are backed up by people who worked closely… Continue reading ‘Mystery’ panelists aid selection

Golden means or ends?

The desirability of ethical behaviour is universally acknowledged, and this has been particularly evident as we review the findings of recent Royal Commissions in this country. Unethical decisions made by senior personnel holding ‘positions of trust’ appear to have been one of the consistent themes. Politicians, pundits and the media tend to characterise these behaviours… Continue reading Golden means or ends?