November 7, 2007 Tackling Risk Appetite While managing an enterprise’s portfolio of risks to be within the entity’s risk appetite is core to enterprise risk management (ERM), boards and senior executives struggle at finding...
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 28, 2007 Intersection of Strategic Planning and Risk Management Michael Raynor, Distinguished Fellow, Deloitte Consulting and author of The Strategy Paradox and The Innovator’s Solution, explored the relationship between strategic commitment and risk management in determining whether a...
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...
May 1, 2007 Tools and Techniques for Enterprise Risk Management Execution The Institute of Management Accountants has issued a new document that summarizes tools and techniques used by businesses that have effectively implemented an ERM program. After identifying risks, businesses should...
November 1, 2006 A Changing Risk Landscape – A Study of Corporate ERM in the U.S. A survey administered to financial professionals of large public companies that explores their views on the key risks facing their companies and how they are managed. The consensus is that...
February 24, 2006 Assessing ERM Practices Prodyot Samanta, Director of Enterprise Risk Management at New York-based Standard & Poor’s, spoke on February 24th to 130 business professionals at the first of three Spring 2006 ERM Roundtables. Samanta described...
May 20, 2005 ERM: Getting Beyond Risk Identification to Sustainability Chris McCarthy and Michael Chagares, of Mercer Oliver Wyman, spoke at the May 20, 2005 ERM Roundtable about the sustainable implementation of ERM at organizations.
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...
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....