William Domanski: The Standard Cannot Interpret Itself

Every serious corporate failure of the past two decades has been examined, in retrospect, by people who found the frameworks in good order. The risk register existed. The policy was current. The audit had been passed, the certificate hung in reception, and the board had received its quarterly pack on schedule. Governance, risk, and compliance has been among the fastest-growing functions in Australian organisations across that same period—more budget, more headcount, more board attention than at almost any point in corporate history—and it is almost never found to have been absent at the moment things went wrong. It was present. It simply did not work.In this episode of On the Subject of Leadership, I speak with William Domanski—a Fellow of the Institute of Strategic Risk Management, chair of its Australia and New Zealand Young Professionals Committee, and a practitioner who has spent his career at the point where the framework meets the floor. He designed the enterprise risk framework…