August 2, 2010 Global Emerging Risks Survey The Oliver Wyman Corporate Risk consulting practice conducted a global survey to assess the importance of emerging risks and how risk management teams are handling these potential risk events at...
July 1, 2010 Balancing Risk Appetite and Strategy Execution 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...
June 28, 2010 Aligning Risk Appetite and Risk Exposure The devastating effects of the global credit crisis can be linked to the failure of organizations to embed risk management within the foundation of strategic and operational processes. Now, increased...
March 1, 2010 Finding Your Strategy in the New Landscape The economic crash of 2008 had profound international effects and prompted a dramatic reduction in foreign investments in 2009. However, China and India still hold large portions of global GDP growth and...
February 1, 2010 Global Risks After the shock to the global financial system in 2008, global risks were brought to the forefront of risk discussions. Surprisingly, the risk landscape has not changed much. What has changed...
February 1, 2010 Roadmap for Compensation Risk Assessment: Consequences – Unintended or Not As a direct result of the financial market crisis, media and regulatory agencies have targeted companies with compensation plans that promote excessive and unnecessary risk-taking. This article outlines the pending...
December 1, 2009 Six Sigma and Risk Assessments Textron Inc. is similar to many large companies today who look to their audit services group to provide risk assessment and assurance over a broad range of risks. However, Textron...
October 1, 2009 Integrating Risks and Strategies to Foster Stakeholder Value Growth Every strategy that an organization undertakes in order to grow stakeholder value has risks and opportunities associated with it. There can be opportunity encompassed in a strategic plan that will...
September 1, 2009 Scenario Planning: Worth the Benefits The Conference Board recently issued thought guidance designed to highlight the benefits of conducting robust and value-adding scenario planning sessions. While scenario planning may appear relatively simple, there are certain...
August 20, 2009 Risk Intelligent Governance: A Practical Guide for Boards A recent whitepaper issued by Deloitte LLP provides practical guidance for boards of directors to follow when enabling and executing “risk intelligent” governance. This whitepaper provides approaches to create value...
August 1, 2009 Global Emerging Risks Financial Times Research and Oliver Wyman recently conducted a survey of 350 executives around the world with the goal of better understanding how organizations view and respond to emerging risks. In...
August 1, 2009 Internal Audit and Risk Oversight The Institute of Internal Auditors recently issued two new practice advisories related to risk management. The first practice advisory, titled “Using the Risk Management Process in Internal Audit Planning”, deals...
July 1, 2009 How Risk Management Is Changing in Response to the Economic Crisis 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...
June 1, 2009 Culture of Candor Performance of leaders is increasingly being measured based on the extent to which they create economically, ethically, and socially sustainable organizations. Increased transparency is an important step for leaders making...
June 1, 2009 Risk Preparedness Risk intelligence is a risk management philosophy focusing on the use of both risk avoidance and risk-taking to create value. While this article deals with risk intelligence, it focuses on...
June 1, 2009 Balancing Enterprise Risk Management and Enterprise Performance Management Poorly planned and executed risk management capabilities contributed to the collapse, and they are likewise impeding the recovery as companies have shifted from taking too many risks to taking too...
May 31, 2009 Reputation Management Reputation management is critical to organizations and it continues to grow more complicated. Companies in the past could earn reputations as good corporate citizens by making philanthropic contributions without significant...
May 1, 2009 Seven Question Guide to Assessing Your Enterprise Risk Management Practices Risk professionals should consider seven questions in evaluating risk management tools, improving risk management practices, and assessing the state of ERM in an organization. Professionals should ask these seven questions: (1)...
May 1, 2009 Getting Risk Appetite Right While the concept of a risk appetite framework is sound and can provide many benefits to organizations, many of these frameworks failed during the current crisis due to design and...
April 24, 2009 Role of Culture and Judgment in ERM David Fox, the Director of Risk Management at KBR, Inc., based in Houston, Texas, spoke at the April 24, 2009 ERM Roundtable about the rollout of ERM at KBR and its evolving...