ERM Fundamentals

Mar 23, 2021

Engaging Enterprise Resiliency Teams

An Interview with Kate Kraycirik, Director of ERM at The University of Texas MD Anderson Cancer Center.

Feb 3, 2021

REPORT: Executive Perspectives on Top Risks for 2021 & 2030

The ERM Initiative in the Poole College of Management at North Carolina State University, in conjunction with global consulting firm Protiviti, annually surveys boards of directors and C-suite executives about risks on the horizon for the upcoming year. This report, 2021 & 2030 Executive Perspectives on Top Risks, highlights top risks of immediate concern on the minds of executives for 2021 - and for the long-term - 2030.

Jan 4, 2021

Improving Management Review Controls

Mark Beasley, Alan T. Dickson Distinguished Professor of Accounting and Director of the Enterprise Risk Management Initiative in the Poole College of Management at NC State University, is the co-author (along with John Fogarty and Doug Prawitt) of a thought paper, Perspectives on Management Review Controls: Challenges and Solutions, released by the Center for Audit Quality.  This thought paper provides information and insight on issues surrounding the design, implementation, execution, and documentation of MRCs. 

Dec 9, 2020

Paul Sarbanes, Co-Sponsor of the Sarbanes Oxley Act, Dies: A Look Back to a Discussion With Him

Learn about the Sarbanes-Oxley Act of 2002, its impact on corporate governance and financial reporting, and insights from its co-authors shared during a 10th-anniversary discussion moderated by Mark Beasley.

Dec 9, 2020

Tools for Escalating Risk Issues to the C-Suite and Board

This thought paper, Tools for Escalating Risk Issues to the C-Suite and Board, by Marc Beasley and Jeff Lovern, provides a flexible tool/template to facilitate risk reporting to senior management and the board. Organizations are navigating a multitude of risks triggered by the ongoing pandemic and business leaders are also faced with numerous other significant events. These developments are rapidly presenting a web of challenges that need the immediate attention of C-Suite executives and boards.

Jun 17, 2020

ISO’s Risk Management Framework

ISO’s Risk Management-Guidelines is a widely embraced framework for implementing ERM in any type of organization.  Issued by the International Organization for Standardization (ISO), ISO 31000:2018 provides guidelines on managing risks to help business leaders create and protect entity value through the management of risks in the context of decision making. The Framework bases the management of risks on principles, a framework, and process.

Jun 17, 2020

COSO’s ERM Framework

One of the most widely embraced ERM frameworks is COSO’s Enterprise Risk Management – Integrating with Strategy and Performance issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Originally issued by COSO as the Enterprise Risk Management – Integrated Framework in 2004, the framework was revised in 2017 to strengthen the emphasis on the integration of ERM with strategy and performance.

Jun 16, 2020

COSO’s Thought Paper on Risk Appetite

ERM Initiative Director Mark Beasley interviewed Frank Martens, co-author of COSO's thought paper, "Risk Appetite: Critical to Success."

May 28, 2020

Simplifying How We Think About Hard-to-Measure Risks

We interviewed Bobby Thomas, Senior Manager, US Risk Management at AFLAC, about how the ERM function helps simplify management’s consideration of harder-to-measure, qualitative issues.

May 12, 2020

Examining the Role of a Risk Committee

Matthew Dunn, Director of Finance and ERM Leader at ConAgra highlights the roles and cadence of risk committees at ConAgra.