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Insights About What Boards are Looking for in ERM
June 8, 2017
Mark Beasley, Deloitte Professor of ERM at NC State University, interviews Jim DeLoach, Managing Director, Protiviti, about what he is hearing from individuals serving on boards of directors from all…
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Importance of Key Risk Indicators (KRIs)
February 23, 2017
Bonnie V. Hancock, Executive Director of the ERM Initiative at NC State University, interviews Richard (“Rich”) G. Muzikar, Director, Enterprise Risk Management at ConEdison, Inc. based in New York, about…
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2017 Top Risks Report: Executive Perspectives on Top Risks for 2017
December 8, 2016
Research conducted by the ERM Initiative at NC State University in partnership with Protiviti finds that executives across all types and sizes of organizations that span a number of industries…
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2016 The State of Risk Oversight Report: An Overview of Enterprise Risk Management Practices
August 25, 2016
NC State’s ERM Initiative, in partnership with the American Institute of CPAs, has just released its 2016 The State of Risk Oversight: An Overview of Enterprise Risk Management Practices. Based…
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Integrating Sustainability with Enterprise Risk Management
September 1, 2015
Sustainability policies have a meaningful role in managing risk, and can also promote faster growth. Have you ever heard the saying ‘you have to spend money to make money?’ This…
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Mitigating Asymmetric Information Risk
September 1, 2014
Asymmetric Information Risk occurs when there is an imbalance of information possessed by C-suite executives and their boards of directors. Boards are susceptible to information risk given the realities that…
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Recent Developments to the Board’s Role in Risk Management
January 14, 2014
The Board of Directors (“the Board”) plays an integral role to the risk management function of a corporation. Risk has been at the forefront of debated topics over the years,…
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Proxies Reveal Enhancements in Board Risk Oversight
December 31, 2013
On February 28, 2010, the Securities and Exchange Commission (“SEC”) mandated that public companies disclose the role of the Board in risk management. To learn about what boards are disclosing…
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Analysts Evaluate Behavior of Corporate Leaders in Ratings Process
July 1, 2013
Credit rating agencies, such as Standard & Poor’s, have become more vocal about their consideration of an entity’s enterprise risk management approach as part of the rating agency’s overall credit…
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Board Oversight Much a Part of ERM Program Success (or Failure)
July 1, 2013
A number of governance rules and regulations focus attention on the role of the board in an organization’s risk management process. Generally, the board is responsible for understanding and approving…
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Framework for Building a More Risk-Aware Enterprise Compliance Structure
April 1, 2013
Across the universe of enterprise risks, one would be hard-pressed to name a risk category more critical to organizations than compliance risk. Many businesses must face an increasingly complex set…
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Crowdsourcing, A Tool to Tackle Emerging Strategic Risks
April 1, 2013
Organizations are turning to “crowdsourcing” as part of their innovation strategy where they leverage the knowledge of “the crowd” to identify emerging trends and opportunities. A recent article in _Harvard…
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Confronting Risk Culture at the Board Level
October 1, 2012
Tackling risk culture head-on – that is, the collective way in which personnel within an organization think about, communicate about, and behave in relation to risk – may be one…
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The Importance of Board Support for Enterprise Risk Management: Part 3
August 3, 2012
A critical element for the success of any ERM effort is the involvement and "buy-in" of the board of directors. Michael Somich, Executive Director of Internal Audit at Duke University,…
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Beasley Moderates Discussion Between Senator Sarbanes and Representative Oxley
July 30, 2012
Mark Beasley, Deloitte Professor of ERM at NC State, moderated a live discussion between former Senator Paul Sarbanes and Representative Mike Oxley on July 30, 2012, which marked the 10th…
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The Importance of Board Support for Enterprise Risk Management: Part 2
July 6, 2012
A critical element for the success of any ERM effort is the involvement and "buy-in" of the board of directors. Michael Somich, Executive Director of Internal Audit at Duke University,…
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The Importance of Board Support for Enterprise Risk Management: Part 1
June 4, 2012
A critical element for the success of any ERM effort is the involvement and "buy-in" of the board of directors. Michael Somich, Executive Director of Internal Audit at Duke University,…
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Risk Appetite: A Conversation of Governance
June 1, 2012
Managers often view risk appetite as a highly theoretical concept: one that is determined instead of discussed, irrelevant instead of practical, or static instead of adaptive. This paradigm is due…
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Preparing for a Corporate Crisis Before Significant Risks Materialize
June 1, 2012
A recent article from Practical Law The Journal offers boards guidance on preparing and responding to a corporate crisis. A lack of proper planning can make both managing crisis situations…
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Allegations of Risk Management Overrides Swirl at JPMorgan Chase
May 15, 2012
The turmoil surrounding recent announcements of over $2 billion in trading losses at JPMorgan Chase is now shining a spotlight on risk management failures at the bank. A front-page story…