Enterprise Risk Management Initiative, Poole College of Management, North Carolina State University

Observations about the State of ERM:  A View From S&P

Don Pagach, Director of Research for the ERM Initiative at NC State University, interviews Steve Dreyer, Head of Investor Communications – Americas, S&P Global Ratings, about the state of enterprise…

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Insights About What Boards are Looking for in ERM

Mark Beasley, Deloitte Professor of ERM at NC State University, interviews Jim DeLoach, Managing Director, Protiviti, about what he is hearing from individuals serving on boards of directors from all…

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Why Teams Often Make Riskier Decisions Than Individuals (and What You Can Do About It)

In today’s organizations where the use of teams is increasingly widespread, important decision making that was once reserved for a single individual is more often than not now made by…

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Ten Take-Aways from the Spring 2017 NC State ERM Roundtable Summit

Do you judge the value of a conference based upon the number of ideas or “take-aways” you hear? For the many conference goers that do, our most recent ERM Roundtable Summit was clearly a winner. While I probably could have just as easily listed 20 or more practical tips shared by ERM practitioners at this event, I am going to focus on the top ten.

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2017 The State of Risk Oversight Report: An Overview of Enterprise Risk Management Practices

NC State’s ERM Initiative, in partnership with the American Institute of CPAs, has just released its 2017 The State of Risk Oversight: An Overview of Enterprise Risk Management Practices. Based on survey responses from 432 business executives spanning a number of industries, types and sizes of organizations, the report provides detailed insights about the state of maturity of their organization’s current enterprise risk management (ERM) practices. This is the eighth year that we have conducted similar research in partnership with the AICPA.

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2017 Top Risks Report: Executive Perspectives on Top Risks for 2017

Research conducted by the ERM Initiative at NC State University in partnership with Protiviti finds that executives across all types and sizes of organizations that span a number of industries…

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Overcoming ERM Implementation Hurdles

Bruce Branson, Associate Director of the ERM Initiative at NC State University, interviews Bailey Jordan, Partner with Grant Thornton, LLP. Bailey leads the firm’s Governance, Risk and Compliance practice in…

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Forget the Gym: Resolve to Make Your ERM Program Stronger!

This time of year we focus on those things we’d like to improve in the coming year, and personal fitness and diet goals are frequently at the top of the list. But if you’re an enterprise risk management professional you’re probably also thinking about ways that you can make your ERM process more effective in 2017. ERM is still a relatively new discipline and most organizations find their ERM process evolve over time. I have never met an ERM professional who said their ERM process was fully mature. Rather, most note that there are one or more aspects of their organization’s ERM process that could be changed or refined to become more effective. So this year I thought I’d ask a number of ERM professionals what their specific “resolutions” are for their ERM programs in 2017 and what advice they would offer other ERM professionals trying to improve their ERM process.

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Importance of Key Risk Indicators (KRIs)

Bonnie V. Hancock, Executive Director of the ERM Initiative at NC State University, interviews Richard (“Rich”) G. Muzikar, Director, Enterprise Risk Management at ConEdison, Inc. based in New York, about…

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Five Recurring Themes for Enhancing Risk Oversight

Over the past month I have had the opportunity to meet and talk with a number of risk management executives who have engaged with us at our ERM Initiative Advisory Board meeting, our ERM Roundtable Summit, and our inaugural ERM in Higher Education workshop, and I have traveled to Europe to participate in ERM conferences there. In all these experiences I have observed a number of common themes related to opportunities to strengthen ERM processes. These opportunities seem to transcend organizational size, industry, and geographic location. Let me highlight five challenges that ERM leaders view as opportunities to strengthen the value of their organization’s ERM efforts.

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HIGHLIGHTS from the Fall 2016 ERM Roundtable Summit

Participants tell us that the greatest benefit they receive from the NC State ERM Roundtable Summit is the number of practical tips or “nuggets” that they hear from the experiences shared by risk leaders from across the country. This fall’s Summit was no exception. We had risk leaders from General Motors, Vanguard, SAP and Estee Lauder share their unique experiences in launching, sustaining and advancing successful ERM programs.

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Risk Identification and Risk Training

Bruce Branson, Associate Director of the ERM Initiative at NC State University, interviews Phil Maxwell, Director of Enterprise Risk Management at The Coca-Cola Company, about risk identification techniques and Coca-Cola’s…

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Case Studies on Key Risk Indicators

NC State’s ERM Initiative is pleased to release a new thought paper, Key Risk Reporting and Key Risk Indicators, that highlights three case study illustrations of how organizations have developed effective processes for reporting risk information. These case studies are based on real life examples of how companies have addressed the need for effective risk measures.

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Are Your Goals Incenting Risky Behavior?

Recent news has been filled with reports of bad behavior that has been linked to goals and incentive systems. Most recently it is Wells Fargo, but prior to that it…

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