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Poole College of Management
Enterprise Risk Management Initiative

All Resources

May 1, 2014

Understanding Risk Appetite

In order for directors to oversee risk management effectively, there must be a clear understanding of what constitutes the organization’s risk appetite. The concept of a risk appetite is fairly new and can be a bit confusing. A recent thought paper by PricewaterhouseCoopers (PwC) seeks to explain risk appetite in “plain English.” The thought paper defines risk appetite, describes how to develop a risk appetite statement, and explains the oversight role of the board in the development of the risk appetite process

Apr 25, 2014

Observations from NCSU’s ERM Roundtable Summit in its Tenth Year

NC State’s ERM Roundtable Summit celebrates ten years of advancing risk management practices. Discover how organizations are evolving their approaches to strategic risk alignment and crisis planning.

Apr 1, 2014

How Global Changes Can Affect the Business Environment

As organizations develop their strategic plans, their horizons are often only looking out over the next two-to-three years. While staying focused on the “here and now” is important, failure to look at broader trends of how the world may be shifting may cause some boards and executive teams to wake up some day in the future to discover their strategies are no longer viable. To help organizations consider how shifts may be on the horizon, PricewaterhouseCoopers (PwC) has recently published information about five megatrends that are already changing the business environment. A megatrend is a change on a global scale that is often verified with factual data. In the past few years PwC has noticed that its clients are identifying and changing their strategies because of these megatrends. This article explains each of the five megatrends identified and then highlights possible effects of each trend.

Feb 27, 2014

The Board’s Role in Risk Oversight

The NACD Advisory Council offers best practices to improve communication between boards and management on risk oversight. Learn how boards can better oversee strategic risks, establish clear risk management roles, and effectively handle crises.

Jan 15, 2014

Eliminating Reputation Threats

Reputation is vital for higher education institutions. Learn how effective crisis planning, transparent communication, and board awareness can safeguard your organization’s most valuable asset: its reputation.

Jan 1, 2014

Six Recommendations to Improve Board Risk Oversight

The financial crisis and subsequent performance failures, including bankruptcy, has resulted in a bright spotlight on boards for a number of organizations in regards to their effectiveness - and lack thereof - in risk oversight. Scrutiny has increased from regulators and other key stakeholders calling on boards to ensure their risk oversight efforts are strengthened. A recent Deloitte thought paper offers six recommendations that boards may want to consider to strengthen the board's overall risk intelligence.

Jan 1, 2014

Key Risk Issues in the Banking Industry

The OCC’s Spring 2014 Risk Perspective identifies key banking risks, from eased underwriting standards to increased interest rate risk and operational challenges like cyber threats and legal settlements.

Jan 1, 2014

The Importance of Integrating Risk Management with Strategy

A recent thought paper, 10 Lessons in Integrating Risk Management with Strategy by Protiviti uses examples of both corporate failures and successes to learn what helped those that survived and thrived reach different outcomes than those that failed and disappeared. The thought paper provides lessons learned as well as tools and techniques executives can use to improve their company’s chances of surviving and thriving in an ever-changing world. The thought paper finds that surviving and thriving companies were able to respond to a pending crisis because they integrate risk into their strategic discussions, allowing them to react quickly enough to take advantage of emerging opportunities.

Jan 1, 2014

Learning from Risk Management Mistakes

The Conference Board’s 2014 report reveals key failures in corporate risk management during the financial crisis and offers recommendations to improve board-level oversight and risk identification.

Jan 1, 2014

Executive View of Strategic Risk

Learn how global businesses approach strategic risk, manage reputation threats, and adapt to technology disruptors. Insights from Deloitte's and Forbes’ study on evolving risk management practices.