By focusing risk management and GRC efforts on value, practitioners can more easily focus on increasing value through greater efficiency.

As MF Global discovered, risk management's biggest problem these days may be that most forms of it are merely three-dimensional.

Internal auditors can provide their companies with advice on how to implement automated monitoring of controls and transactions.

Best Buy and other retailers have not yet figured out a way to more effectively compete with Amazon.

A look at some best practices on dealing with Dodd-Frank's say-on-pay requirements.

Though risk management practices in 2012 should address human decision-making and human nature, we remain organizationally devoted to flawed process- and technology-driven approaches that were exposed in 2008.

Strong executive knowledge and support is the key to implementing viable operational risk management. The CFO, being outside the operational process, can serve as an impartial observer of organizational efforts, driving awareness of the big picture and ascertain an accurate risk profile, says Genpact's Pratik Shah.

Often contradictory, heated, dysfunctional, and fiercely competitive, the global skills gap demands the public sector, government and universities develop a more nuanced strategy to an urgent problem.

XBRL tagging mandates are growing worldwide. Companies must find the most cost-effective means of dealing with these requirements. Software to automate the process will be an important part of the solution.

Companies today must have a holistic approach, predetermined processes and scenario plans to be proactive against risks and disruptions. Analyzing those risks in-depth can help bring fresh insight to emerging opportunities and insulation against unforeseen threats.