The Extended Enterprise: Third-Party Risk at Warp Scale with Darren Smith

Shaking the Prime Directive: Rethinking Risk from the Ground Up with Adrian Clements

Recorded live at Risk-!n Conference 2026, this episode of Risk Is Our Business begins with a warning from Adrian Clements. Before agreeing to come aboard, he made it clear that he intended to "shake the tree." Captain Michael Rasmussen's response was simple: engage. What follows is a conversation that challenges some of the profession's most deeply held assumptions. Adrian argues that many organizations are still navigating with outdated star charts, relying on inherited frameworks and conventional wisdom that no longer match the realities of today's environment. Rather than tweaking existing approaches, he makes the case for stepping back, questioning first principles, and rebuilding from the ground up. They explore what that looks like in practice. How do organizations break free from legacy thinking? How do leaders create the conditions for better decision-making? And what practical steps can be taken to transform risk from a compliance exercise into a driver of performance and value creation? The discussion also examines the role of technology. Not as the destination, but as an enabler that helps organizations operationalize better thinking, improve visibility, and support more intelligent decisions. Along the way, Adrian and Michael reflect on their key takeaways from Risk-!n Conference 2026, discussing the ideas and trends that suggest the profession may be entering a new phase of evolution.

The Speed of Risk: Controls and Decision-Making with Hermann Suter

Recorded live at the Risk-!n Conference 2026, this episode of Risk Is Our Business features Hermann Suter, Head of Group Enterprise Risk Management at Barry Callebaut Group, in a conversation on how risk management must evolve in an environment where the speed of change is accelerating faster than many organizations can absorb. Hermann and Captain Michael Rasmussen begin with a deceptively simple question. If organizations claim to have an enterprise-wide view of risk, shouldn’t they also have an enterprise-wide view of controls? From there, the discussion turns to what actually keeps risk leaders awake at night. Not just specific threats, but the sheer pace and velocity of risk itself. They unpack what bad risk and control management looks like. In contrast, they argue that effective risk management starts with understanding that every meaningful decision already contains a form of risk analysis, whether organizations recognize it or not. The conversation also explores how to align risk with business culture rather than impose it from the outside, how Swiss and broader European perspectives influence approaches to governance and controls, and where technology is genuinely helping modern ERM programs. They close by discussing what excited them most at the conference itself, including the growing focus on interconnected risk, operational resilience, and the future direction of enterprise risk management.

The Extended Enterprise: Third-Party Risk at Warp Scale with Darren Smith

In this episode of Risk Is Our Business, Captain Michael Rasmussen welcomes Darren Smith for a deep dive into third-party risk management in the age of the extended enterprise. The conversation explores how modern organizations now operate through vast and increasingly interconnected networks of suppliers, partners, outsourcers, and service providers, creating a web of dependencies that stretches far beyond traditional organizational boundaries. Darren explains why TPRM can no longer sit within a single function, and how procurement, security, compliance, legal, operations, sustainability, and business leadership all play critical roles in managing third-party exposure. They also unpack what separates bad TPRM (fragmented, compliance-driven, reactive) from good TPRM that is integrated, collaborative, and aligned with business objectives. They also examine how organizations define “critical suppliers,” why that definition is often more complex than it appears, and how businesses can better coordinate across departments to create a unified view of third-party risk. The discussion then turns to technology and AI. Darren shares his perspective on where current TPRM tooling adds value, where maturity is still lacking, and how organizations can move beyond treating TPRM as a checkbox exercise toward something more strategic and forward-looking. This episode is about managing risk in a world where the enterprise no longer ends at the company boundary and where resilience depends on understanding the entire ecosystem connected to the ship.

From Controls to Clarity: Aligning Risk and Control Across the Enterprise with Kristina Wiese Tranberg, Karoline Corfitz & Morten Bjerregaard

In this return episode of Risk Is Our Business, Captain Michael Rasmussen welcomes Kristina Wiese Tranberg back to the bridge, joined by Karoline Corfitz and Morten Bjerregaard, for a practical deep dive into internal controls and their role in modern GRC. Building on Kristina’s previous appearance, the conversation shifts from operating models and transformation to a core question of what is the real value of controls? The group explores how organizations can move beyond checkbox compliance toward control optimization that supports business outcomes rather than slowing them down. They also challenge a common disconnect. Many organizations aim for an enterprise-wide view of risk, but lack an enterprise view of controls. Without understanding how controls operate across processes and functions, can risk truly be understood at scale? The discussion then examines the relationship between risk owners and control owners, and when they should be the same, when they should be different, and how that choice affects accountability and effectiveness. They also unpack the 1-10-100 rule, illustrating how the cost of fixing issues escalates the later they are detected, and why embedding controls early in processes is critical. This episode offers a grounded, experience-led perspective on aligning risk, controls, and ownership across the enterprise.

Risk in Deep Space: Culture, Appetite, and Real GRC in Practice with Michael Erlandsson Jensen

In this episode of Risk Is Our Business, Captain Michael Rasmussen sits down with Michael Erlandsson Jensen at April Coffee in Copenhagen, a busy café whose ambient hum feels oddly right for a conversation grounded in real-world experience. Michael opens by tracing his path through global risk management, and from there the two find their way into something that doesn't get discussed enough: how differently risk culture actually plays out depending on where you are in the world. The Danish and broader European approach tends to weave risk into everyday business dialogue—collaborative, embedded, almost organic. That's a sharp contrast to the more compliance-first environments Michael has worked in across parts of the Middle East and the U.S., where risk can feel like something done to the business rather than with it. That tension shapes the heart of the conversation. For Michael, good risk management isn't about control or enforcement, it's about facilitation. Helping the business understand its own risks, take ownership of them, and actually talk about them. Bad risk management, by contrast, is disconnected from decisions that matter, buried in process, and more interested in checking boxes than in being useful. They also dig into risk appetite a concept that's often treated as a document to file away and forget. Michael pushes back on that, reframing it as something that should reflect how an organization actually behaves, not just what it says on paper. The real work, he argues, is closing the gap between strategy, risk, and what happens on the ground day to day. It's a grounded, cross-cultural take on GRC and a reminder that the real work of risk doesn't live in frameworks. It lives in conversations.