Risk Watch: Thought Leadership in Risk and Governance—May 2013

Risk Watch is a triannual journal devoted to informing and provoking discussion on risk management and corporate governance. In this ninth issue, five leading thinkers provide their views on the risk challenges of today.

• Christine Cosby presents an overview of how Bruce Power continues to improve its emergency response systems and the lessons learned from the multi-stakeholder participation in Huron Challenge.
• Giselle Kovary and Adwoa K. Buahene offer insight into how the five organizations they interviewed have added a generational component when defining, measuring, and managing human capital risk.
• Ru Taggar outlines Sunnybrook Hospital’s drivers and objectives; its risk assessment process; the likelihood of occurrence and strength of mitigation plans; the peer review process; and the hospital’s ERM portal.
• Chris Corless explores why organizations need to monitor the effectiveness of operating controls in real-time and not just when they were understood to have failed.