Risk Management & Audit Committees Articles Page 2 Index:P20 | ERM Library | ERM - Enterprise Risk Management Initiative

December 1, 2010

Avoid Being Blindsided by Risks: Focus on Key Assumptions

Strategic risks and opportunities are constantly changing in the business environment, especially in the current volatile economic climate. The roller coaster of uncertainty often results in organizational leaders being blindsided...

December 1, 2010

Board Risk Oversight: Insights from Recent Proxy Disclosures

Deloitte & Touche LLP analyzed a sample of approximately 400 organizations’ proxy disclosures about the board’s role in risk oversight that were new in 2010 for public companies. Several observations were obtained...

November 15, 2010

Intensifying Dialogue on Risk and Strategy: A Banking Perspective

Technologies, products, and institutions are constantly becoming more complex, which ultimately increases the risks that organizations face. During recent economic crisis, the banking industry has experienced this first-hand. This white...

October 1, 2010

Guidelines for Effective Risk Oversight

The International Corporate Governance Network (ICGN) recently released Guidelines, designed to assess institutional investors in their evaluation of the board of directors’ effectiveness in risk oversight in organizations across the...

September 30, 2010

Strengthening the Risk Oversight Process

The board of directors should continue to participate in the risk oversight process and consider going above and beyond reviewing risk assessments on an annual basis. A whitepaper released by...

June 11, 2010

Current State of the Internal Audit Profession and Risk Oversight

The fallout from the recent financial crisis has quickly changed the way many companies operate. Internal audit is the one branch of an organization that has the authority, knowledge and...

May 3, 2010

Organizations are Currently Focusing on Strategy and Growth, While Audit Committees Focus on Risks

As the road to economic recovery lies ahead for organizations, boards and audit committees are focusing on their organizations’ strategies to achieve growth. However, audit committees are also evaluating the...

April 1, 2010

A Survey of Recent Proxy Statement Disclosures

The recent additions to the list of SEC mandated disclosures require companies to provide descriptions of the board of director’s role in risk management oversight. This article has surveyed...

March 1, 2010

Managing Risks with Sustainable Practices

On March 11, 2010, the Coalition for Environmentally Responsible Economics (Ceres) issued its report The 21st Century Corporation: The Ceres Roadmap for Sustainability. Ceres hopes to target boards of directors of corporations...

February 1, 2010

Report on the Current State of Enterprise Risk Oversight: 2nd Edition

This second edition report from the ERM Initiative at NC State University and the AICPA provides insight on how boards and senior management teams are responding the challenges of risk...

October 1, 2009

The Six Mistakes Executives Make in Risk Management

This article in the October 2009 issue of Harvard Business Review outlines six key mistakes that are often made in risk management. It was written by three experienced risk professionals: Nassim...

October 1, 2009

Risk Governance: Balancing Risk and Reward

In October 2009, the National Association of Corporate Directors (NACD) issued a Blue Ribbon Commission report containing guidance for board members regarding how to strengthen their risk oversight practices. The report...

October 1, 2009

Key Concerns of Boards

The trend towards greater scrutiny over boards of directors continues and some argue that proposed changes to board governance could dramatically reshape the corporate landscape. As one of the world�...

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 24, 2009

Corporate Governance Update: Boards Play a Leading Role in Risk Management Oversight

The topic of risk management has become increasingly popular in corporate governance as a result of the financial meltdown and credit crisis. An organization’s risk culture, awareness and appetite...

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

A New Landscape for Risk Management and Oversight

In response to the current economic crisis, company boards and audit committees are looking for ways to improve their approach to risk oversight. Risk management perspectives are becoming more focused...

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 16, 2009

Walker Review on Corporate Governance in the UK Banking Industry

Governance failures contributed materially to the excessive risk taking leading to the financial crisis, and improved governance is key to decreasing the chance of these events recurring. The Walker Review...

July 1, 2009

Shifting of Internal Audit Strategy and Focus

Findings from a survey and roundtable of internal audit executives, service providers, and regulators show that internal audit is changing its risk priorities and audit coverage in response to changing...

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What’s New

Getting Started in ERM

ERM & Strategy

Key Components of ERM

ERM Leadership & Risk Governance

Individual Risk Considerations

Evaluating Your ERM Program

Insights from Risk Leaders

Risk Management & Audit Committees Articles 67

Avoid Being Blindsided by Risks: Focus on Key Assumptions

Board Risk Oversight: Insights from Recent Proxy Disclosures

Intensifying Dialogue on Risk and Strategy: A Banking Perspective

Guidelines for Effective Risk Oversight

Strengthening the Risk Oversight Process

Current State of the Internal Audit Profession and Risk Oversight

Organizations are Currently Focusing on Strategy and Growth, While Audit Committees Focus on Risks

A Survey of Recent Proxy Statement Disclosures

Managing Risks with Sustainable Practices

Report on the Current State of Enterprise Risk Oversight: 2nd Edition

The Six Mistakes Executives Make in Risk Management

Risk Governance: Balancing Risk and Reward

Key Concerns of Boards

Integrating Risks and Strategies to Foster Stakeholder Value Growth

Corporate Governance Update: Boards Play a Leading Role in Risk Management Oversight

Risk Intelligent Governance: A Practical Guide for Boards

A New Landscape for Risk Management and Oversight

Internal Audit and Risk Oversight

Walker Review on Corporate Governance in the UK Banking Industry

Shifting of Internal Audit Strategy and Focus

Getting Started in ERM

ERM and Strategy

Key Components of ERM

ERM Leadership and Risk Governance

Individual Risk Consideration

Evaluating Your ERM Program

Insights from Risk Leaders

What’s New

Getting Started in ERM

ERM & Strategy

Key Components of ERM

ERM Leadership & Risk Governance

Individual Risk Considerations

Evaluating Your ERM Program

Insights from Risk Leaders

Master of Management, Risk and Analytics Concentration

NC State ERM Fellows

Master of Accounting (MAC) - ERM Concentration

Mark Beasley, Ph.D

Bonnie Hancock, M.S.

Bruce Branson, Ph.D

Risk Management & Audit Committees Articles 67

Avoid Being Blindsided by Risks: Focus on Key Assumptions

Board Risk Oversight: Insights from Recent Proxy Disclosures

Intensifying Dialogue on Risk and Strategy: A Banking Perspective

Guidelines for Effective Risk Oversight

Strengthening the Risk Oversight Process

Current State of the Internal Audit Profession and Risk Oversight

Organizations are Currently Focusing on Strategy and Growth, While Audit Committees Focus on Risks

A Survey of Recent Proxy Statement Disclosures

Managing Risks with Sustainable Practices

Report on the Current State of Enterprise Risk Oversight: 2nd Edition

The Six Mistakes Executives Make in Risk Management

Risk Governance: Balancing Risk and Reward

Key Concerns of Boards

Integrating Risks and Strategies to Foster Stakeholder Value Growth

Corporate Governance Update: Boards Play a Leading Role in Risk Management Oversight

Risk Intelligent Governance: A Practical Guide for Boards

A New Landscape for Risk Management and Oversight

Internal Audit and Risk Oversight

Walker Review on Corporate Governance in the UK Banking Industry

Shifting of Internal Audit Strategy and Focus