Ep 21: The Boardroom Does Not Care About Your Frameworks feat. Tonny W. Dekker

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.TakeawaysHuman 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 scienceThe future of GRC belongs to leaders with the courage to integrate, simplify, and embrace technologyChapters00:00 Effective Risk Oversight in Boardrooms31:00 The Art of Risk Management38:19 The Future of Technology and GRC51:08 The Evolution of GRC Platforms