October 16, 2007 Paulson Calls Housing Crisis the “Most Significant Risk” to Economy In a speech at Georgetown University, U.S. Treasury Secretary Henry Paulson calls the current U.S. housing crisis the “most significant risk” to the U.S. economy.
September 1, 2007 Linking Governance to Strategy Finance professionals should play a key role in corporate governance, including connecting corporate governance to performance metrics and daily operations. This article examines an example of such a role in...
August 1, 2007 Political Risks Internal Auditor recently published an article titled, Assessing Political Risks, that discusses the role of chief audit executives (CAEs) as they face challenges such as unstable global markets. The article...
June 1, 2007 How Much is Reputation Worth to Your Corporation? The Chartered Institute of Management Accountants (CIMA) recently issued a report highlighting the value of corporate reputation for businesses today. The report covers key advantages of maintaining a strong corporate...
June 1, 2007 Cultivating Risk Intelligence for Competitive Advantage Risk intelligence requires organizations to consider both unrewarded risks, taken primarily for value protection, as well as rewarded risks, taken to drive value creation. Risk management has been increasing in...
February 1, 2007 ERM Business Drivers Forrester recently published an article by Michael Rasmussen titled, Business Drivers for Enterprise Risk Management, detailing why companies struggle with implementing and managing a successful enterprise risk management (ERM) program. ...
September 25, 2006 Managing the Unexpected The Quarterly Journal of the EDS Agility Alliance recently published an article titled, Unwelcome Surprises, that discusses the dangers that can evolve from having a decentralized business structure that does...
September 30, 2005 Evolution of ERM Business professionals have varied personal definitions of enterprise risk management (ERM) based on their limited exposure to the new idea and their specific encounters with its effects given their roles...
April 1, 2005 Expanding ERM to Embrace Strategic Risk Firms are insured against the usual risks but they are not protected against strategic risks. By using enterprise risk management techniques to identify strategic risks, firms can use countermeasures for...
July 1, 2004 Outsourcing Decisions: Taking an ERM Approach Before outsourcing a business process or function, it is essential to assess the associated risks from an enterprise-wide risk management perspective. Poorly managed outsourcing decisions may ultimately increase, rather than...
May 19, 2003 Risk Gaps-Demand for ERM Enterprise Risk Management programs can help close the huge gap in communication among executives and business unit leaders. Senior management and the board of directors’ involvement with risk assessment plays...
March 31, 2001 Driving Need for ERM Many environmental forces—such as globalization, technology, the Internet, and deregulation—have created uncertainty for twenty-first century businesses. Companies therefore have to re-think business models, core strategies and customer bases....