In this transmission of Risk Is Our Business, host Michael Rasmussen connects over comms with Tim Leech, pioneer of Objective Centric Risk and Uncertainty Management (#OCRUM), longtime board advisor, and someone who’s spent decades trying to rescue enterprise risk from the black hole of checkbox compliance.

Recorded over a long-distance call (no transporters this time), this episode dives straight into the uncomfortable truth of modern ERM often being more about optics than outcomes. Tim and Michael dismantle the illusion of risk registers and heat maps, exposing how many programs are built to pacify boards and regulators rather than support real decision-making.

But Tim doesn’t stop at critique. He offers a new model, one where risk starts with the people who actually run the business, where strategy sets the coordinates, and where the board isn’t kept in the dark behind colored charts but engaged with objective-driven insight.

Together, they explore how to overcome resistance across the enterprise, align the crew, and finally bring risk back to the bridge—not as an afterthought, but as a core navigational system.

If your program is still flying blind on outdated frameworks, it’s time to recalibrate.

In this starlog entry of Risk Is Our Business, recorded live at the Risk-In Conference in Zurich, Captain Michael Rasmussen sits down with Pascal Busch, Global Head of ERM & BCM at Acino and creator of VirtueSpark, for a deep-space transmission on the future of enterprise risk.

What keeps a seasoned risk commander up at night? Pascal opens up about the unknown anomalies in the system, such as inefficiencies, blind spots, and missed signals that still plague too many GRC programs. But he’s not just scanning for threats, he’s building the future. From digital twins to decision intelligence, Pascal charts a course toward a risk program that’s faster, smarter, and fully integrated into the mission of value creation.

Together, they explore where his tech journey is today, where he wants it to be in two years, and how risk professionals can move from compliance copilots to strategic navigators, guiding organizations through the turbulence of uncertainty with precision and purpose.

If your risk program feels stuck in the past, it’s time to reroute power to the engines. Because as Pascal makes clear, the future of GRC isn’t about avoiding risk, it’s about managing it at warp speed.

In this episode of Risk Is Our Business, Michael Rasmussen welcomes Stefan Gershater, Head of Risk and Governance at the Co-op, for a bold and unflinching conversation that challenges the very foundations of modern risk management.

Broadcasting from the front lines of strategic uncertainty, Stefan shares insights from his forthcoming book, a deep critique of the risk orthodoxy shaped by accounting firms, software vendors, and low expectations. He argues that what passes for risk management in many boardrooms is little more than a comforting illusion—one that fails to serve strategy, enable decisions, or engage with the complexity of the real world.

Together, they explore the good, the bad, and the ugly of today’s risk practices, from the myth of “risk appetite” to the misuse of assurance resources and the danger of chasing frameworks over outcomes. But this isn’t just a teardown, it’s a mission briefing. Stefan lays out how risk can be reimagined as a cognitive, analytical, and strategic asset that improves decision velocity and organizational intelligence.

For risk professionals ready to break orbit and leave behind the gravitational pull of mediocrity, this episode is both roadmap and rallying cry.