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Balancing Risk Appetite and Strategy Execution
July 1, 2010
Good risk management involves making informed and rational decisions considering the risks the company wants to take in pursuit of its objectives and regarding the measures used to mitigate and manage risks. This publication explores how companies can effectively define risk appetite, risk tolerance, and risk targets to execute strategies and perform effective risk management to gain a competitive advantage.
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The People Side of Risk Intelligence
June 1, 2010
This recent whitepaper in the Deloitte Risk Intelligence Series explores the intersection of talent and risk within organizations. It points out that concerns over talent management are actually imbedded in…
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Adding Value, Not Bureaucracy: Linking Governance, Enterprise Risk Management and Internal Controls
January 1, 2010
Risk management has quickly become the most targeted area of improvement since the financial crisis for businesses to help prevent another crisis or lessen the impact if another one were…
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A Balance Between Bureaucracy and Personalization
December 1, 2009
The recent economic downturn led to the failure of many risk management systems across companies. Organizations found that the traditional silo-based approach to risk management did not effectively identify emerging…
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Enterprise Risk Management: Meeting Today’s Challenges
December 1, 2009
Changes in technology, globalization, and the nature of business transactions create challenges for organizations to assess and manage risks that may affect the accomplishment of business objectives. In order to…
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Strengthening Enterprise Risk Management for Strategic Advantage
November 4, 2009
COSO’s Strengthening Enterprise Risk Management for Strategic Advantage focuses on specific areas where the board of directors and management can work together to improve the board’s risk oversight responsibilities and…
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Current State of Enterprise Risk Management
September 1, 2009
The recent economic crisis has forced many companies to evaluate their risk management process. The authors of this article conducted a survey to gain a better understanding of risk oversight.…
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Effective Enterprise Risk Oversight: The Role of the Board of Directors
September 1, 2009
COSO’s Effective Enterprise Risk Oversight: The Role of the Board of Directors is focused on aiding boards of directors in strengthening their enterprise risk oversight responsibilities. The current economic crisis…
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The Evolution of Internal Audit and ERM
August 1, 2009
Traditionally, internal audit has focused primarily on identifying policy violations and encouraging compliance with regulations. However, internal audit departments have recently turned their efforts towards an integrated approach to risk…
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How Risk Management Is Changing in Response to the Economic Crisis
July 1, 2009
The economic crisis is changing the risk management landscape in various ways. The government bailouts enacted in response to the economic crisis will have many effects, with the greatest potential…
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Enterprise Governance, Risk and Compliance Platforms
July 1, 2009
As enterprise-wide risk management concerns have grown, so too has the market for enterprise governance, risk and compliance GRC platform vendors. This article not only describes the underlying technologies of these platforms, but provides the detailed results of Forrester Research Inc.’s product evaluation of fourteen GRC platform vendors.
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Six Ways Companies Mismanage Risk
March 1, 2009
Effective risk management is difficult even in the best situations, and failure of risk management can cause large losses within an organization. There are six fundamental mistakes risk managers routinely…
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Ten Practical Lessons for Risk Management
March 1, 2009
Recent events have uncovered significant deficiencies in the way risks are managed at financial institutions and many other companies. Research into these deficiencies shows ten practical lessons companies can apply…
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Risk Management Platforms
February 1, 2009
Taking risks is a vital part of business; however, managing risks effectively is becoming increasingly critical as well. The recent economic crisis is encouraging companies to take a deeper look…
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Optimism Thwarts Risk Identification
January 31, 2009
Many culprits have been identified as causes to the current financial crisis, from faulty risk models to basic human greed. Susan Webber takes a step back to examine the culture…
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Global Risk Management Survey
January 1, 2009
AON conducted a global risk management survey in October and November 2008 with risk managers and chief risk officers comprising two-thirds of respondents. Responses represent 551 organizations of various sizes…
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ERM is Vital for Businesses and the Economy
January 1, 2009
With the recent financial crisis many wonder if risk management could have prevented or minimized the fall out. The answer is yes. However many companies fail to properly implement risk…
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Financial Industry Assesses Role of Risk in Credit Crisis
January 1, 2009
This global survey conducted by KPMG in conjunction with the Economist Intelligence Unit in October 2008 summarizes responses from over 500 world-wide risk management senior officers in the banking industry…
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The Convergence of Enterprise Performance Management and Risk Management
December 31, 2008
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 framework…
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Keeping ERM implementation Simple
December 1, 2008
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…