first_imgDo you ever stop to consider what’s behind your walls? No, I’m not talking about spiders, bugs or ghosts… I’m talking about all of the “stuff” that has to work in order for your house to function well. I don’t think about it much either — until recently. I began the process of finishing my basement. I’ve never really backed away from home improvements, and I gain a great amount of pride for building “sweat equity.” My will to see a project through, coupled with what some would call uber-thriftiness, lead me down the path to performing this task on my own.My basement has undergone a massive transformation over the past several weeks. What was once a huge, unfinished slab of concrete has morphed into an appealing set of rooms, each with their own unique characteristics. What stood out to me from my role as a risk management practitioner is the importance of what is behind the walls, something to which I have traditionally given little thought. I was even required to have an inspection related to the activities that went on behind the walls. While many of the requirements were somewhat new to me (and quite frankly frustrating during the process), I quickly learned to appreciate the importance of those things we can’t see and don’t often think of. Items that are paramount to my family’s safety, integral to things working, and crucial to the structure allowing the finished product to look nice never even crossed my mind when I set out to create my man-cave. I thought that as a long-time homeowner and somebody that could be considered an expert in homes (heck, I’ve lived in one for 40 years), there wasn’t much I couldn’t figure out on my own. While most people who visit might not think much of the components behind the walls, they form the foundation on which everything else stands.That got me to thinking about credit unions, something I am passionate about. The Rochdale Group works with a number of credit unions on enterprise risk management (ERM) engagements. We spend a lot of time going “behind the walls” and discussing those critical elements of credit union operations that form the foundation on which everything else stands. We meet with experts in various departments, discuss key processes and functions performed within those departments, and strive to identify opportunities to create a better tomorrow for their membership. Our goal is not to find things that are wrong or even strive to reach a level of assurance that everything is right. Rather, our focus is on creating an opportunity to discuss the strategies and inner workings of the credit union, ensuring appropriate alignment of those things behind the walls with the desired mission and vision of the institution. You see, the more capable and confident we are of understanding and managing the risks of today (those things behind the walls), the better positioned we are to exploit, leverage and navigate the uncertainties of tomorrow (finished product). That was never so true as when I began hanging cabinets and putting on my finishing touches. Absent a keen understanding of what was behind the walls (i.e, plumbing, water lines, electrical work), and the use of a few tools to help protect me in the future (i.e., nail blocks, photos of “behind the walls”), I would have been forced to move forward very cautiously; with the potential risk of creating quite a mess for myself, or altogether failing to deliver on the vision that I had from the beginning.How comfortable are you with what’s behind your walls? What process do you use to increase your capabilities and confidence in understanding and managing your risks of today? Most importantly, what foundation have you built to seize opportunities and navigate uncertainties as you move into the future? 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Jeff Owen Jeff has over 12 years of experience in the financial services arena. Prior to Rochdale, Jeff worked at the Federal Reserve Bank of Kansas City, and was part of the … Web: Detailslast_img read more

first_img Tweet Share Share LocalNews Prevost Motion & Halcrow Report Confirm UWP International Airport Plan by: – August 4, 2011 Hon. Norris Prevost.Prevost Motion & Halcrow Report Confirm UWP Money & Work on International Airport, says former Minister of Ports Norris Prevost. Mr Blackmore’s claims that UWP did not leave money (EC$108M) for the construction of a new airport, or that the Airport designed by Stanley and Planning, on Runaway “G” would not meet ICAO standards or would not be an all weather airport, are dead wrong and misleading.Mr. Blackmore and his Labour government chose the wrong airport, and completely missed the flight in April 2003, when they rejected the motion which I brought to Parliament on behalf of the UWP, asking government to set up a special Committee comprised of Members of Parliament from all three political parties, to work with government in arriving at the best short, medium and long term solutions, to Dominica’s critical air access problem.The motion, entitled Re-Examination of Possibility of Constructing the International Airport, reported in the Hansard of Parliament for 28th April 2003, confirms the work done and  money EC$108million, left by UWP. The Halcrow Report Confirms Technical Feasibility  of the Design.The motion read: “Whereas the Dominica labour Party, the Dominica Freedom Party, and the United Workers Party all agreed in their 2000 Election Manifesto that an international Airport was absolutely vital to Dominica’s medium and long term tourism development, and Dominica overall economic development; And Whereas all three political parties committed themselves to the construction of an international airport; And Whereas substantial work had been done by the UWP Government towards the construction of an international airport including, (1) purchasing the land (2) negotiation of 12.5m Euros (EC$34.5m) from the European Union and US$20m from the Govt of the republic of China on Taiwan (ROC); And whereas at this moment govt intends to spend the bulk of the 12.5MEuros ($34.5M) on improving Melville hall Airport; And Whereas these improvements to Melville hall will only meet the very short term needs of Dominica’s tourism development; And whereas a large investment in Melville Hall Airport at this stage would make it very difficult for Dominica to economically justify the construction of an international airport for the next 15 years; Be it therefore resolved that government reconsiders its decision to light Melville hall Airport, and re-examine the possibility of continuing with the international airport. And be it further resolved that parliament sets up a special Committee comprised of Members of Parliament from all three political parties, to work with govt in arriving at the best short, medium and long term solutions, to Dominica’ critical air access problem.” Every member of the Labour govt voted Dominica’s international airport.  1. The Halcrow Report Confirmed Technical Feasibility of UWP DesignStanley and Planning report page 1-5, guidelines and Assumptions, confirm that “ICAO standards apply”; p6-9 confirms runaway “ G” to have 99.85 wind coverage, less severe to moderate terrain problems, moderate excavation, moderate costs, and uninterrupted airport operation. The technical feasibility of the project is further confirmed by The Halcrow Report, which concludes categorically  p51 “..The scheme remains, however a technically feasible one and has been used as the basis for comparison with the option of upgrading Melville hall”. Mr Blackmore and Labour’s claims that UWP did not leave money are dead wrong. They are misleading and should be completely ignored.Press ReleaseHon. Norris Prevostcenter_img Share 55 Views   one comment Sharing is caring!last_img read more

first_imgThe Spanish federation has cited concerns about competitive balance as to why the Barcelona-Girona match should not be played in Miami, rather than Girona, though the Spanish federation did approve the playing of the Copa Libertadores final second leg even though the match is a second leg that was originally slated to be played in Buenos Aires.A Copa Libertadores final in Miami would have helped give the La Liga-Miami proposal a precedent to point to as organizers continue to push for the match to take place in the United States.As things stand, it is looking like soccer fans in the United States have already missed out on one international final and are likely to also miss out on seeing an official La Liga match played on American soil. Another underlying subplot behind opposition to a potential Copa Libertadores final being played in the United States is the proposed La Liga match that soccer promoter Relevent Sports is working with La Liga officials to bring to Miami.Multiple sources told Goal that both U.S. Soccer and Major League Soccer are opposed to any official La Liga match being held in the United States, though both American organizations are believed to be counting on FIFA and the Spanish Federation to kill off the proposal before U.S. Soccer or MLS have to.Under that proposal, Barcelona would play Girona in Miami in January, but objections from the Spanish federation, as well as the Spanish player’s association, have created hurdles that could force the proposal to be pushed back all the way to September, if it ever happens at all. According to CONMEBOL, Cordeiro “didn’t want” the game to be played in Miami, Argentine newspaper La Nacion reported.Sources with knowledge of U.S. Soccer’s handling of the situation paint a different picture to Goal of what went down with the proposed Libertadores match in Miami. According to those sources, U.S. Soccer never received a formal proposal and there was no clarification provided regarding whether Boca Juniors and River Plate were on board with playing a match in the United States.The organizers of the proposed Miami match were never informed why the proposal was rejected by U.S. Soccer, first learning of the rejection from the report in La Nacion. Sources say they believe the fact the match would have taken place on the same date as Saturday’s MLS Cup final in Atlanta played at least some part in U.S. Soccer’s reluctance to approve the move to Miami.Concerns about being able to host the match in Miami on short notice look unsubstantiated after CONMEBOL succeeded in moving the final to Madrid, where it will be played at Santiago Bernabeu on Sunday. Getty/Goal A proposal to have the Copa Libertadores final second leg in Miami was reportedly shot down by U.S. Soccer president Carlos Cordeiro, and the organizers behind the proposal are looking for answers as to why.Sources tell Goal that a proposal was put together to host the match in Florida shortly after fan violence led to the cancellation of the Boca Juniors-River Plate match at Estadio Monumental, but after initially being seen as one of the favorites to host the replay, Miami was taken out of the running after reportedly being turned down by U.S. Soccer.last_img read more