2008 ERM Articles Index 1 | ERM Library | ERM - Enterprise Risk Management Initiative

December 31, 2008

Costs Associated with Regulatory Risks

A significant portion of an organization’s enterprise risk management efforts in both time and dollars may be spent on compliance and regulatory risks. Compliance with federal regulations cost approximately $1.157...

December 31, 2008

The Convergence of Enterprise Performance Management and Risk Management

Organizations can increase their probability of achieving strategic objectives by taking an integrated approach to deploying strategy and managing associated risks. The Performance/Risk Integration Management Model (PRIM2) provides a...

December 31, 2008

Managing Information Technology Risk: A Global Survey for the Financial Services Industry

Ernst & Young’s first global survey for the financial services industry that provides industry data, trends, leading practices, and opinions on the components of effective information technology (IT) risk management. ...

December 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...

December 8, 2008

Boards of Directors and Risk Management in 2009

There will be many pressures on boards of directors in 2009 given the current economic climate, and several of these pressures revolve around the issue of risk management. This “white-paper” memorandum...

December 1, 2008

Board Oversight of Risk Management and Executive Compensation

Boards of directors have fiduciary responsibilities to shareholders and there are several “pressure points” they can address to ensure fulfillment of these duties. One pressure point for boards is risk...

December 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...

December 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...

December 1, 2008

Keeping ERM implementation Simple

ERM has gained increasing attention in the current economic environment. Investors, regulators and chief officers alike look to managing enterprise-wide risks as a magic bullet to rebuild trust and prevent...

December 1, 2008

Enterprise Risk Management Benchmark Survey

Deloitte conducted a survey of 151 companies over 2006 and 2007 to gauge the current state of ERM implementation. The survey found that interest in ERM is growing, driven primarily by regulations. The...

December 1, 2008

ERM in Academic Institutions

Academic institutions tend to manage risks in organizational silos, as is common in many businesses. By implementing ERM, an academic institution can benefit from an enterprise-wide identification and assessment of...

December 1, 2008

Emory University’s ERM Implementation

Leaders at Emory University began an ERM program to improve the university’s ability to manage risks, prepare for adverse events, improve principles and practices related to financial controls, and...

December 1, 2008

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

Beginning in the third quarter of 2008, Standard & Poor’s credit review process of nonfinancial companies now includes an evaluation of the organization’s management of enterprise risk programs as a...

November 30, 2008

Contrasting Old and New Models of Risk Management

This article details the growing importance of ERM and contrasts ERM with old models for risk management to illustrate how ERM, if positioned correctly, can add value to companies today....

November 20, 2008

Web-Based ERM Tools

The Internal Audit and Advisory Services division of British Columbia’s Ministry of Finance has created tools, available on the internet, to assist other ministries in designing and implementing an...

November 7, 2008

Implementing Enterprise Risk Management in Washington State Government

Drew Zavatsky, who oversees the work of the Loss Prevention Group in the Washington State Office of Financial Management’s Risk Management Division, spoke at the November 7, 2008 ERM roundtable about...

November 1, 2008

Improving Board Risk Oversight

This report discusses how a person’s perceptions shape their views of risk. Because of varying views of risk, boards are prone to different interpretations of its responsibilities for risk...

November 1, 2008

Improving Board Risk Oversight

The spotlight has turned to boards and the result is boards are trying to assess how they should strengthen their own processes to enhance their effectiveness in risk oversight. While...

November 1, 2008

Managing Risk Through GRC to Improve Financial Processes

The Economist Intelligence Unit surveyed 446 senior executives from nine industries about their views on how to improve internal financial processes. The September 2008 survey included multinational executives of companies with annual...

November 1, 2008

Enterprise Innovation and Integration

Innovation and integration are important contributors to growth in an organization. In order to foster these activities within the organization, the article recommends developing two agencies: a distributed innovation group ...

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

Providing Thought Leadership, Education and Training on the Subjects of Enterprise Risk Management

What’s New

Getting Started in ERM

ERM & Strategy

Key Components of ERM

ERM Leadership & Risk Governance

Individual Risk Considerations

Evaluating Your ERM Program

Insights from Risk Leaders

ERM Article Summaries & Thought Papers 691

Costs Associated with Regulatory Risks

The Convergence of Enterprise Performance Management and Risk Management

Managing Information Technology Risk: A Global Survey for the Financial Services Industry

Strategic Business Risk – Top 10 Risks in Business for 2008

Boards of Directors and Risk Management in 2009

Board Oversight of Risk Management and Executive Compensation

Understanding and Articulating Risk Appetite

Aligning Risk Management and Executive Compensation

Keeping ERM implementation Simple

Enterprise Risk Management Benchmark Survey

ERM in Academic Institutions

Emory University’s ERM Implementation

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

Contrasting Old and New Models of Risk Management

Web-Based ERM Tools

Implementing Enterprise Risk Management in Washington State Government

Improving Board Risk Oversight

Improving Board Risk Oversight

Managing Risk Through GRC to Improve Financial Processes

Enterprise Innovation and Integration

Getting Started in ERM

ERM and Strategy

Key Components of ERM

ERM Leadership and Risk Governance

Individual Risk Consideration

Evaluating Your ERM Program

Insights from Risk Leaders

What’s New

Getting Started in ERM

ERM & Strategy

Key Components of ERM

ERM Leadership & Risk Governance

Individual Risk Considerations

Evaluating Your ERM Program

Insights from Risk Leaders

Master of Management, Risk and Analytics Concentration

NC State ERM Fellows

Master of Accounting (MAC) - ERM Concentration

Mark Beasley, Ph.D

Bonnie Hancock, M.S.

Bruce Branson, Ph.D

ERM Article Summaries & Thought Papers 691

Costs Associated with Regulatory Risks

The Convergence of Enterprise Performance Management and Risk Management

Managing Information Technology Risk: A Global Survey for the Financial Services Industry

Strategic Business Risk – Top 10 Risks in Business for 2008

Boards of Directors and Risk Management in 2009

Board Oversight of Risk Management and Executive Compensation

Understanding and Articulating Risk Appetite

Aligning Risk Management and Executive Compensation

Keeping ERM implementation Simple

Enterprise Risk Management Benchmark Survey

ERM in Academic Institutions

Emory University’s ERM Implementation

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

Contrasting Old and New Models of Risk Management

Web-Based ERM Tools

Implementing Enterprise Risk Management in Washington State Government

Improving Board Risk Oversight

Improving Board Risk Oversight

Managing Risk Through GRC to Improve Financial Processes

Enterprise Innovation and Integration