New Resources: ERM Tools & Techniques

The business paradigm surrounding enterprise risk management (ERM) is relatively new compared to other business disciplines that have been around for decades.  Effective practices and techniques continue to evolve with the goal of enhancing the value of risk management for strategic decision making.  Practices surrounding ERM continue to advance.

Evolution of ERM Practices Continues

Boards, C-suite executives and ERM leaders are finding new approaches to understanding and managing risks in the context of the organization’s business model and strategic objectives. Most leaders are interested in sharing ideas, processes, and tools that others have found helpful in their ERM journey. Academic research is also playing an important role in helping frame approaches to risk management that add strategic value for the organization’s leaders. That research provides empirical and theoretical insights about what works well and what doesn’t.

The recently released 2nd edition of Enterprise Risk Management:  Today’s Leading Research and Best Practices for Tomorrow’s Executives compiles a large volume of insights from both academia and practice into one comprehensive resource. Edited by John Fraser, Rob Quail and Betty Simkins, this updated book provides insights into what practitioners are doing, tools and techniques they are using, and those insights are organized along 43 chapters.

Meet the Editors

Don Pagach, Professor of Accounting and Director of Research for the Enterprise Risk Management Initiative at NC State University, recently interviewed the three editors about this updated resource.  All three have played important roles in the advancement of ERM best practices over the past two decades. In this interview, Don explores what motivated them to compile this excellent resource, key features in this 2nd edition, and insights they have from their review of the materials that comprise this book.

Topics Covered

The materials presented in Enterprise Risk Management:  Today’s Leading Research and Best Practices for Tomorrow’s Executives are organized along five Parts:

Part I:  Overview and Drivers of Enterprise Risk Management

Part II:  Enterprise Risk Management, Culture and Control

Part III:  Enterprise Risk Tools and Techniques

Part IV:  Types of Risks

Part V:  Special Topics and Case Studies

About the Editors

John R.S. Fraser is the former Senior Vice President, Internal Audit, and Chief Risk Officer of Hydro One Networks Inc., one of North America’s largest electricity transmission and distribution companies.

Rob Quail is the Principal of Robert Quail Consulting. His professional focus is on the subject of enterprise risk management, and he has nearly 20 years of experience in developing and applying ERM tools and practices.

Betty Simkins, PhD, is Regents Professor of Finance, Williams Companies Chair, and Department Head in the Department of Finance at Oklahoma State University’s Spears School of Business. She serves on the Commodity Futures Trading Commission Market Risk Advisory Committee.

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You can order the book from Wiley.

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ERM Enterprise Risk Management Initiative 2021-10-06