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Poole College of Management
Enterprise Risk Management Initiative

All Resources

Jan 4, 2009

Risk Mis-Management

Explore how VaR models revolutionized risk measurement in finance, their appeal and limitations, and why firms must pair them with human judgment to navigate unpredictable risks effectively. Read more!

Jan 1, 2009

Limitations of Traditional Risk Models in Forecasting Risk

The current economic crisis has upset many common assumptions about the global financial system and shaken investor confidence. While there are unique aspects to this crisis, it is important to understand that severe economic crises in general are not rare events. Traditional methods of modeling risk often fail to reflect the frequency of declines and when these declines will occur. It is important for investors to rely on more than the output from traditional risk models in assessing the potential risk associated with investments.

Dec 31, 2008

Strategic Business Risk – Top 10 Risks in Business for 2008

Ernst & Young conducted a survey of industry analysts in order to identify the top 10 strategic business risks for 2008. It became clear that there is significant variation in risks between sectors of the economy. Nevertheless, the risks that were rated as having the greatest impact across the largest number of sectors were identified and ranked.

Dec 1, 2008

Understanding and Articulating Risk Appetite

Risk appetite, when properly understood and articulated, can be a powerful tool for managing risk and enhancing overall business performance by better aligning decision-making and risk. Many organizations have a need for increased clarity regarding their risk appetite and this article provides insights on formulating and defining risk appetites.

Dec 1, 2008

S&P’s ERM Reviews for Non-Financial Issuers – Where Do We Stand?

S&P’s credit reviews now assess ERM practices in nonfinancial companies. This AICPA brief details how S&P evaluates risk culture and strategic data use in its credit rating process. Discover the new ERM criteria.

Dec 1, 2008

Aligning Risk Management and Executive Compensation

Boards of directors are charged with corporate governance tasks that include setting executive compensation and developing the corporation's strategic agenda in light of its risk tolerance. Using short-term performance metrics, like stock price or earnings per share, to determine executive compensation may encourage executives to make decisions that are not aligned with the corporation's strategic plan or overall risk appetite.

Oct 22, 2008

Role of Risk Managers and Continuity Planning

Risk management executives have come to the realization that a cohesive corporate risk management strategy is needed in their companies. They are becoming more involved with business continuity planning and helping with preparedness, mitigation, and recovery for operations.

Sep 30, 2008

The Audit Committee Journey: Charting Gains, Gaps, and Oversight Priorities

KPMG’s report reveals audit committees are improving in traditional financial oversight but face challenges in areas like IT risk and overall risk management. Explore the top oversight priorities and where improvements are needed for 2008.

Sep 1, 2008

Managing Risks for Comparative Advantage: Five Steps to Better Risk Management

This articles highlights a five-step process to help companies make changes to better their approach to risk management in response to the developments occurring in the corporate approach to risk management: 1. Identify and understand your major risks; 2. Decide which risks are natural; 3. Determine your capacity and appetite for risk; 4. Embed risk in all decisions and processes; and 5. Align governance and organization around risk.

Aug 7, 2008

Risk Managers Should Have Been Better Prepared

The 2008 financial crisis exposed gaps in risk management, from rating agency trust to liquidity mismanagement. Learn how better risk oversight and communication could have mitigated these issues. Read the full article here.