9th July 2025
Risk is not what you think will happen; it is what you are not seeing.

I once facilitated a board risk retreat for a fast-growing financial services firm. They had just crossed the 500-billion-shilling mark in assets. Celebration everywhere. Balloons. Banners. Speeches.

But I noticed something odd in the boardroom. Every risk they mentioned was either on their risk register or in their last audit report. Not one board member asked, “What are we blind to?”.

 

I asked the members to reflect: “What if your biggest risk isn’t in the room? What if it is the thing you are not talking about because it is invisible to your current systems?” Read more >>

“If your boardroom trusts data blindly, it is not strategic. It is sedated. Wake them up.”

Why ignoring risk is costlier than managing it.

A CEO once told me proudly, “We are focused on growth, not on doom and gloom.” That company collapsed 18 months later after a vendor fraud wiped out 40 percent of their working capital. He had confused optimism with strategy.

Risk does not wait for a board resolution. It compounds in silence. When I was called in to help a logistics firm bleeding cash, they kept blaming “market volatility.”

However, the real cause was buried in a contract signed five years earlier, which contained a vague clause on fuel price adjustment—one loophole. Hundreds of millions lost. Not theft. Not sabotage. Just risks they never saw coming.

I see this com. Read more >>

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The role of data in building the execution discipline of a company

Consultants see a lot. Some time back in 2016, I worked with a bank whose strategy sounded perfect on paper. Five pillars. Fancy PowerPoints. Consultants paid.

Town halls held. But six months in, nothing had changed. Just busier people and louder meetings. Why? No data discipline. No execution muscle.

Everyone had opinions. No one had facts.

Execution is not about shouting louder. It is about measuring tightly.

When I came in, I asked one question: “How do you know you are winning?” Read more >>

 

Are you confident in your internal controls? Let’s find out take the audit survey

Conducting regular internal audit assessments is essential to maintaining strong governance, effective risk management, and operational efficiency. By participating in this survey, you contribute to identifying strengths, uncovering areas for improvement, and reinforcing our commitment to accountability and continuous improvement. Your input is valuable in helping us uphold the highest standards of integrity and performance. Read more >>

 

Put Your Data Skills to the Test – Join the summitBI Weekly Challenge!

Data analytics is a core business skill. From Finance, Audit, Risk, and Compliance to the boardroom, you need data-driven insights to make informed decisions. At summitBI Data Analytics, we have created a weekly challenge to improve your data analytics skills. Read more >>

 

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7 Tools to get on the board and add value

This thought-provoking book offers an incisive examination of corporate governance from both a historical and contemporary point of view…I highly recommend it for your useful and sustainable leadership benefit” – Michael Mugabi, Former President, Institute of Corporate Governance of Uganda.

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