May 1, 2005 Role of the Chief Risk Officer The Chief Risk Officer (CRO) is rapidly becoming one of the most crucial members of the management team. CROs are involved with managing many types of risks faced by a...
December 31, 2004 Survey Data: ERM Trends This study provides data obtained from surveys of nearly 1400 chief executive officers (CEOs) about risk trends and related expectations for effective ERM practices. With CEOs note that they are more...
December 31, 2004 Internal Audit’s Role: Fraud and Reputation Risks Now there is more pressure than ever on executive management and internal auditors to mitigate corporate fraud and misconduct. Even though senior management most likely has direct antifraud responsibility, internal...
November 1, 2003 Benefits of Managed Risks When companies don’t guard themselves against substantial risks, the outcome can easily produce a damaged reputation. However, risk management should not discourage growth through eliminating risks, but the reverse...
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....
September 1, 1997 Emergence of Chief Risk Officers Many multinational organizations are implementing comprehensive risk management programs. This shift in management is being driven by several different forces. Comprehensive risk management programs aim to identify the plethora of...