Governance Unplugged – Internal Audit, Risk & Controls
Governance Unplugged - Internal Audit, Risk & Controls
Podcast Description
Governance Unplugged is a podcast dedicated to exploring the essential pillars of sound governance to help organizations thrive in today’s dynamic business environment. Designed for internal auditors, risk managers, senior management and board members, the podcast delves into how robust governance, risk management, and internal controls lay the foundation for organizational safety and prosperity. By providing meaningful insights and practical strategies, the podcast aims to equip listeners with interesting insights supporting their needs to safeguard their organizations and ensure long-term success.
Podcast Insights
Content Themes
The podcast explores themes such as internal audits' evolving role, risk management strategies, and governance principles. Notable episodes include discussions on the transformation of internal audit with insights from industry leaders like Nicolas Steyaert and Cynthia Boumann, focusing on topics like internal audit’s strategic influence and integrating AI into auditing processes.
Governance Unplugged is a podcast dedicated to exploring the essential pillars of sound governance to help organizations thrive in today’s dynamic business environment. Designed for internal auditors, risk managers, senior management and board members, the podcast delves into how robust governance, risk management, and internal controls lay the foundation for organizational safety and prosperity. By providing meaningful insights and practical strategies, the podcast aims to equip listeners with interesting insights supporting their needs to safeguard their organizations and ensure long-term success.
In this episode, Thomas Michel interviews Tony W. DeKker, a former global head of business risk services at Ernst & Young, who now serves on various boards and teaches at Erasmus University. They discuss the gap between GRC science and the reality of the boardroom, the human factor in governance, and the art of risk discipline. They also explore the challenges of risk oversight, the strategic mistakes in cutting GRC functions, and the shortcomings of boardroom risk discussions. The conversation with Tonny Dekker covers the topics of risk management, governance, and the impact of AI on GRC. It emphasises the importance of human judgment, behavior, and emotional intelligence in board-level risk understanding and decision-making. Additionally, it explores the future of GRC and the challenges and opportunities presented by AI and technology.
Takeaways
- Human behavior and the human factor play a significant role in the effectiveness of governance and risk oversight.
- The gap between GRC science and the reality of the boardroom presents challenges that require a balance between formalities and the art of risk discipline. Risk management is more of an art than a science
- The future of GRC belongs to leaders with the courage to integrate, simplify, and embrace technology
Chapters
- 00:00 Effective Risk Oversight in Boardrooms
- 31:00 The Art of Risk Management
- 38:19 The Future of Technology and GRC
- 51:08 The Evolution of GRC Platforms
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