Blur Music Band – Risk Management Lessons for Music Groups
IRM India Affiliate Blog
by admin
1h ago
Blur, one of Britain’s most iconic alternative rock bands, has not only made waves in the music industry with their distinct sound and enduring hits but also provided invaluable lessons in risk management for other music groups. Their journey highlights the importance of managing stakeholders, fostering partnerships within the team, leveraging technology, protecting intellectual property, and navigating competition. Here’s an in-depth look at how Blur has successfully bounced back and what other music groups can learn from their experience.  Managing Stakeholders  For any music grou ..read more
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Developing a Robust Fraud Risk Management Policy for Indian Banks and Non-Banking Financial (NBFC) Companies
IRM India Affiliate Blog
by admin
5d ago
Introduction In today’s dynamic financial landscape, Indian banks and Non-Banking Financial Companies (NBFCs) face increasing risks of fraud. These frauds can lead to significant financial losses, reputational damage, and operational disruptions. To mitigate these risks, developing a comprehensive Fraud Risk Management (FRM) policy is crucial. This article outlines the essential components of an effective FRM policy, drawing on best practices from leading financial institutions globally. Understanding Fraud Risk Management Fraud Risk Management involves the identification, assessment, mitigat ..read more
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How this FMCG Company Used Artificial Intelligence (AI) to Enhance Its Enterprise Risk Management Function
IRM India Affiliate Blog
by admin
5d ago
In the rapidly evolving business landscape, companies are facing a plethora of risks that can impact their operations, reputation, financial stability and also market share. Effective Enterprise Risk Management (ERM) is crucial for these companies to navigate uncertainties and maintain a competitive edge. While a lot is being discussed about AI risks and opportunities, there are few companies that are revolutionising the ERM landscape with AI, using sophisticated tools and techniques to identify, assess, mitigate, and monitor risks more efficiently. This case study explores how a fast-moving ..read more
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Wake up — Why Risk Factors in the DRHPs of Indian Companies Deserve More Attention from Investors
IRM India Affiliate Blog
by admin
5d ago
Investing in initial public offerings (IPOs) in India often involves decisions based on gut feelings, blind faith in promoters, or sector biases. While these instincts can sometimes lead to profits, they frequently overlook a crucial aspect of prudent investing: the risk factors disclosed in the Draft Red Herring Prospectus (DRHP). Ignoring these risk factors can result in substantial financial losses and erode investor confidence in the market. This article explores why these risk factors deserve more attention from investors, illustrating the importance of making informed decisions. We also ..read more
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Third Party Risk Management – Catalyst for Sustainable Growth
IRM India Affiliate Blog
by admin
1w ago
Imperatives With increasing complexity in the global business environment, Third-party risk management has become a subject of ever-increasing importance across an array of business stakeholders. Some of the imperatives are. Business models have adopted more reliance on external parties specifically for all non-core activities The new age business models are increasingly shifting towards collaborations, a network of business partners, aggregation, multi nodal distribution, inter-connected supply chain, cross-sectoral activities, and technology driven enablement, which is making Third party a ..read more
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Interaction with the CEO of Gray Rhino & Company (Chicago)
IRM India Affiliate Blog
by admin
1w ago
Risk Views with Michele Wucker, Chief Executive Officer, Gray Rhino & Company (Chicago) and Board Member of  IRM India Affiliate Hersh: Your concept of “gray rhinos” has provided a compelling framework for understanding and acting on obvious yet overlooked risks. In your experience, what are some of the most common “gray rhinos” that businesses face today, and what strategies have you found most effective in helping organizations develop a proactive stance towards these risks? Michele: Businesses face so many obvious, probable gray rhino risks –but only some of them respond effe ..read more
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Why Companies Must Get an Annual Risk Culture Profile of Every Employee with the RMAT®
IRM India Affiliate Blog
by admin
2w ago
In the modern business landscape, managing risk effectively is not just a strategic necessity but a fundamental operational imperative. Organizations face a wide array of risks—operational, strategic, financial, and compliance-related—that can have significant implications for their performance and sustainability. The ability to anticipate, understand, and mitigate these risks hinges on a crucial, yet often overlooked, factor: the risk culture within the organization. Risk culture refers to the values, beliefs, and behaviors that determine how an organization and its employees perceive, under ..read more
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How the PRIDE Movement Came to Be a Risk Mitigation Strategy to Protect Diversity, Equality, and Inclusion
IRM India Affiliate Blog
by admin
2w ago
The PRIDE movement, originally born out of the struggle for LGBTQ+ rights, has evolved into a powerful force for promoting diversity, equality, and inclusion (DEI). Beyond its cultural and social impact, PRIDE has increasingly become a strategic component in risk mitigation for organizations and communities. This evolution highlights how the principles and activism of the PRIDE movement contribute to reducing risks related to discrimination, inequality, and exclusion. The Origins of PRIDE: From Protest to Celebration The PRIDE movement traces its roots to the Stonewall riots in 1969, a pivot ..read more
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Front-Ending in the AMC Industry: How Chief Risk Officers Can Get an Early Warning Indicator
IRM India Affiliate Blog
by admin
2w ago
Introduction The Asset Management Company (AMC) industry, vital for managing and growing wealth, has undergone significant changes in recent years. As financial markets grow increasingly complex, so do the challenges faced by AMCs. One such challenge is “front-ending,” a practice that can severely impact the integrity and performance of investment portfolios. In this context, Chief Risk Officers (CROs) play a crucial role in identifying early warning indicators (EWIs) to mitigate risks associated with front-ending. This article delves into the nature of front-ending in the AMC industry and ho ..read more
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How Indian Universities Can Manage the Risk of Exam Paper Leaks
IRM India Affiliate Blog
by admin
2w ago
Exam paper leaks present a significant challenge to the integrity of academic assessments globally, including in India. As education systems evolve and embrace new technologies, the potential for breaches in exam security has increased. To maintain the credibility of academic evaluations, Indian universities need to adopt innovative and comprehensive strategies for preventing exam paper leaks. This article explores practical, new-age solutions to address these risks, focusing on the integration of technology, effective policy frameworks, and engagement of all stakeholders involved. Understand ..read more
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