About the Publication & Author

Welcome to The ERM Current™, an online publication and blog dedicated to providing the latest updates on current trends in Enterprise Risk Management & Control.  The title of the publication lends itself to the multiple meanings of the word “current” as defined by Merriam-Webster below.

cur·rent [kər’-ənt, kə’-rənt ], noun – 1 a: the part of a fluid body (as air or water) moving continuously in a certain direction b: the swiftest part of a stream c: a tidal or nontidal movement of lake or ocean water  d: flow marked by force or strength  2 a: a tendency or course of events that is usually the result of an interplay of forces b: a prevailing mood

As you know, the current of information relating to Enterprise Risk Management & Control is swift and this publication is designed to highlight the critical issues and potential solutions to help you Navigate Successfully™.

Wheelhouse Advisors LLC is the publisher of The ERM Current™ and is a professional services firm dedicated to providing cost-effective Enterprise Risk Management & Control solutions to both large and small corporations. To learn more about Wheelhouse Advisors, please visit our web site at www.WheelhouseAdvisors.com.

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3 Responses to About the Publication & Author

  1. JL Brown says:

    So, how does one ensure against the “nut-behind-the-wheel” problem? This appears to be a problem that no level of risk-management automation, policies, checks & balances, or best practices can overcome easily.

    In this case, the nut is the arrogant, hubris-filled, out-of-touch leader who ignores all practical and sane advice from the professionals who work for him.

    Good thing we don’t have too many of these people in business and government today (she said cynically.)

  2. JL,

    Great point and the only real way to solve the problem is to have stronger corporate governance beginning with a board of directors that is truly independent from management. Such a board must be willing to hold management accountable and continually ask the tough questions required to ensure risk management is taken seriously. Management must then be held responsible for creating the right culture and infrastructure that will surface the “nuts” and deal with them appropriately.

    Thanks for your comment,
    WA

  3. Great point and the only real way to solve the problem is to have stronger corporate governance beginning with a board of directors that is truly independent from management. Such a board must be willing to hold management accountable and continually ask the tough questions required to ensure risk management is taken seriously. Management must then be held responsible for creating the right culture and infrastructure that will surface the “nuts” and deal with them appropriately.
    +1

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