From The ERM Library

The Value Proposition for ERM: From Intangible to Tangible

This case study, The Value Proposition for ERM: From Intangible to Tangible, provides great examples of ways that ERM has added value at six different companies. Graduate students in the...

Top Risks Report 2019: Executive Perspectives on Top Risks for 2019

REPORT: Executive Perspectives on Top Risks for 2019 Top Risks for 2019 Annually, the ERM Initiative in the Poole College of Management at North Carolina State University, in conjunction with global consulting...

Rich Insights from NC State’s Fall 2018 ERM Roundtable Summit

Our ERM Roundtable Summits started in 2004 around the same time as the initial COSO ERM Framework was released. In the early days of the Roundtables, we hardly heard any one...

Are Boards Focused on the Right Risks?

Recent studies conducted separately by the National Association of Corporate Directors (NACD) and Protiviti/NC State highlight that “yesterday’s risks” that still preoccupy many boardroom discussions may...

Conducting Black Swan Workshops

COSO Releases Draft Guidance on Environmental, Social and Governance-related Risks

COSO and the World Business Council for Sustainable Development (WBCSD) are partnering to develop guidance for applying COSO’s 2017 Enterprise Risk Management: Integrating with Strategy and Performance to manage Environmental, Social and Governance (ESG)-related risks.

COSO Releases Examples of Framework Applications

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has released an important supplement to its 2017 Enterprise Risk Management – Integrating with Strategy and Performance. This compendium to the 2017 framework includes detailed examples for applying principles from the updated ERM Framework to day-to-day practices. The compendium of examples recognizes the connection between ERM and strategic setting and organizational performance and includes examples across a wide range of industries. Each illustration in the compendium was developed from industry practices identified through extensive research, including interviews and case studies.

Getting an ERM Process Started

Bruce Branson, Associate Director of the ERM Initiative at NC State University interviews Beverley Harrington Leacock, Director of ERM at Blue Cross Blue Shield of North Carolina (BCBSNC) about how...

Fresh Insights from the Spring 2018 NCSU ERM Roundtable Summit

At every ERM Roundtable Summit, participants discover innovative and practical tips for making their ERM process better and they find new ways of looking at how their process helps management respond to and manage key risks. This spring’s event brought fresh insights from risk leaders at Lowe’s Companies, General Mills, Carnegie Mellon, and General Motors.

Measuring and Assessing Culture in Regards to Risk Management

Mark Beasley, Deloitte Professor of Enterprise Risk Management at NC State University interviews Takis Martakis, Global Head of People Risk and Culture at Credit Suisse, about how the company is...

Assigning Risk Owners

Bonnie Hancock, Executive Director of the ERM Initiative at NC State University interviews Frank Fronzo, Vice President, Assistant Treasurer and Corporate Risk Officer at Estee Lauder about how his organization assigns risk owners. Frank starts by describing the way that his organization categorizes risks and the designation of a risk as a “critical corporate risk” which would require the assignment of a risk owner. He goes on to describe why it is important to name a primary risk owner and the importance of choosing an owner at the right level of the organization. He then describes the responsibilities of a risk owner including interactions with the company’s corporate risk committee and subcommittees and periodic reporting to the C-Suite and Board of Directors. Frank also offers his advice on facilitating an effective ERM process.