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Behavioural Stimuli and Unintended Consequences PART 2

Anticipating behavioural changes is a challenging task, with so many factors that go into shaping how societies behave. As we learnt in Part 1, actions and policies enforced may yield very unexpected or unintended consequences. To further illustrate what stimulates sudden changes in behaviour, we can explore some of the regulations and restrictions imposed due

Behavioural Stimuli and Unintended Consequences PART 1

A well-intentioned solution can often result in adverse effects, causing a problem to be worse than what it had initially been. While unintended consequences do not yield only negative results, they are very common. So common, in fact, that economists refer to it as ‘The Cobra Effect’, after an anecdote about the cobras that inhabited

Re-imagining the Workplace

Innovative thinking has been the propelling element behind the workforce of the future. While any disruption brings unpredictability and complexity, many are moving from seeing this as a temporary measure to a perpetual transformation. Twitter has announced that they will be giving their employees the choice to continue working from home on an ongoing basis

State of Legal Spotlight on The Legal Tech Disruption

“Faster, better, cheaper,” is a term some often use to describe the outcome of integrating business operations with innovation. In the past, the cautious nature of the legal profession may have restricted the exploration of a merge between the worlds of law and technology. Today, there is a prolific amount of law firms and solo

The Benefits of Migrating to Cloud

Out with the old, in with the new. Cloud computing is increasing in popularity as more businesses recognise it as a cost-effective solution. In addition to pricing, a cloud-hosted environment is accompanied by a multitude of other benefits. While hesitation to disturb the comfort zone may still exist in some industries, awareness of the rising

State of Legal 2020: Spotlight on Data Privacy

According to Rian Hancock, Director at Eclipse New Law, data is one of the greatest challenges that compliance professionals come face-to-face with. The growth of technology, analytics and artificial intelligence (AI) is fast developing with an exponential trajectory, making it difficult to stay ahead of. While improvements in this area lead our businesses to being

Workplace Lessons from COVID 19

COVID-19: It didn’t come without warning. We were made aware of it, but could we have anticipated its potential to rapidly progress and could we have been more adequately prepared to handle the impact of this viral infection on our businesses? It is high priority to contain and take preventive measures against the spread of

Food for Thought: Compliance in Times of Chaos

Since King IV came into effect in 2017, a shift toward an ‘apply and explain’ approach has become a heavy influence on businesses in South Africa. While the King report, since its first début, has always served as a standard for which corporate governance is to be measured against, this change in the report’s most

The Benefits of Good Corporate Governance

Corporate governance, as the term denotes, refers to the way in which a company chooses to govern itself, and is accompanied by a firm set of rules that provide direction and control toward achieving its objectives. Good governance means that your business’s processes are aimed at producing results which meet the needs of society and

KEY RISK INDICATORS FOR ENHANCING RISK MANAGEMENT PROCESSES

A key risk indicator (KRI) is a metric for measuring the likelihood of if an event and its consequence will exceed the organization’s risk appetite. They can be quantified in terms of percentages, numbers, Rand values, time frames etc. The primary role of a KRI is to track trends over a period of time, these