Risk Appetite and Response

May 25, 2016

The Bow-Tie Analysis: A Multipurpose ERM Tool

Bonnie V. Hancock, Executive Director of North Carolina State University's ERM Initiative, discusses The Bow-Tie Analysis, a multi-purpose ERM tool.

Mar 1, 2016

The Global Risk Report

Explore the World Economic Forum’s Global Risk Report, analyzing top global risks like climate change and migration, and discover strategies to strengthen resilience in a shifting global landscape.

Jan 1, 2016

Board Governance: Expectations and Best Practices Mismatch?

Discover how banks have restructured risk governance post-crisis, adopting board-level risk committees, improving CRO engagement, and enhancing risk oversight for regulatory and strategic effectiveness.

Nov 10, 2015

ERM Initiative Releases New Thought Paper on Risk Assessment Practices

ERM Initiative Releases New Thought Paper on Risk Assessment Practices

Oct 29, 2015

Advancing ERM

During our Advanced ERM Executive Education Workshop, participants identified key areas for improvement in ERM processes, including better integration with strategy, risk appetite development, and the use of key risk indicators (KRIs). Learn how polling technology facilitated engaging discussions and benchmarking among participants from various industries.

Oct 1, 2015

Value Creation through Risk Management

Many companies have come to realize that risk management serves more than just a compliance function. In the ever-changing risk environment we live in today, risk management also serves to add value to the company. After conducting their Global Governance, Risk and Compliance Survey, EY published a white paper with a three-step approach to risk management.

Oct 1, 2015

Addressing Bribery and Corruption Risk

This article examines the risks tied to third-party relationships in anti-bribery and corruption (ABC) activities, highlighting the gaps in compliance and the importance of robust internal controls. It also explores how data analytics can be leveraged to manage ABC risks more effectively, particularly in the context of mergers and acquisitions.

Oct 1, 2015

Throwing Caution to the Wind: Effects of CEO Stock Option Pay

Explore how options-based CEO compensation impacts product safety, increasing the likelihood of recalls, and how factors like CEO tenure and founder status can moderate these risks in regulated industries.

Sep 1, 2014

Strengthening Your Organization’s Risk Culture

Learn how to strengthen your organization’s risk culture with insights from IMA’s thought paper. Discover strategies like fostering professional skepticism, expanding board diversity, and effectively communicating risk appetite.

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