Key Components of ERM Articles Page 9 Index:P160 | ERM Library | ERM - Enterprise Risk Management Initiative

April 15, 2009

Risk Culture of Companies

Risk culture is an area of risk management that has become a recent focus for many boards. Risk culture is the system of values and behaviors present in an organization...

March 1, 2009

Key Areas of Concern in Corporate Governance

Strong corporate governance is essential for boards as they are positioned to lead the way in implementing measures that contribute to economic growth and sustainability. There are four areas of...

February 1, 2009

Internal Auditors Partnership with Management

Internal auditors in the past have been used to examine how well management is performing and how well the company is operating. Now there is a need for internal auditors...

January 31, 2009

Optimism Thwarts Risk Identification

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...

January 1, 2009

Global Risk Management Survey Fall 2008

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 and industries...

January 1, 2009

ERM is Vital for Businesses and the Economy

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...

January 1, 2009

Financial Industry Assesses Role of Risk in Credit Crisis

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 about the...

January 1, 2009

Companies Succeed During Downturn with ERM

In the four-part series “Managing in a Downturn” produced by The Financial Times, Russell Walker comments on the place for enterprise risk management in the current economic environment. Walker uses...

December 31, 2008

The Convergence of Enterprise Performance Management and Risk Management

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...

December 1, 2008

Understanding and Articulating Risk Appetite

Risk appetite, when properly understood and articulated, can be a powerful tool for managing risk and enhancing overall business performance by better aligning decision-making and risk. Many organizations have a...

October 30, 2008

Diversity of Risk Management in Europe

This report details the key findings in the fourth biennial benchmarking survey conducted by the Federation of European Risk Management Association (FERMA) in collaboration with AXA Corporate Solutions and Ernst &...

September 30, 2008

The Changing Role of the Finance Organization

Today’s focus on the rapid embrace of globalization initiatives has substantially increased the complexity and pace of change that risk executives face. Dealing with the volume and complexities of...

September 1, 2008

Better Enterprise Risk Management May Prevent Future Crisis

The Economist Intelligence Unit, in conjunction with SAS Inc., conducted a world-wide on-line survey of 316 senior executives from the financial service industry, complimented by interviews with industry experts. Their study...

September 1, 2008

Managing Risks for Comparative Advantage: Five Steps to Better Risk Management

This articles highlights a five-step process to help companies make changes to better their approach to risk management in response to the developments occurring in the corporate approach to risk...

April 11, 2008

Integrating Business Continuity Planning and ERM at Fidelity

Providing investment services for individuals and organizations around the world requires the delivery of real-time investment information on a 24 by 7 basis, 365 days a year. Failure to maintain technology systems for...

April 1, 2008

Risk Appetite: A multifaceted approach to risk management

Articulating an organization’s risk appetite continues to be a difficult undertaking, with many organizations failing to connect their risk appetite to strategy and capital allocation. A recent IBM thought...

December 31, 2007

Assess the Risks – Key Strategies for Overseeing Derivatives

In recent years the use of derivatives by mutual funds has soared. Yet, there has been little guidance offered to boards on the oversight roles when it comes to derivatives. ...

December 31, 2007

Emerging Expectations for Alignment of Internal Audit and Risk Oversight

This report summarizes survey responses received by PricewaterhouseCoopers from chief audit executives of Fortune 250 companies about trends affecting internal auditors by 2012, particularly related to internal audit’s role in risk...

December 31, 2007

The Evolution of Risk and Controls: Seeking Value Creation

KPMG partnered with the Economist Intelligence Unit to report on the evolution of risk and controls functions within organizations. This report contains findings of how companies are re-defining the roles...

December 1, 2007

Reputation Risk Management

Corporations have started to take notice of the importance of reputation risk management, particularly in the past decade. Since 2000, research concerning reputation risk has more than doubled. A use of...

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