February 13, 2013 Top Risks on Horizon for 2013 The top risks that corporate leaders see on the horizon for the coming year include the effect that regulatory changes combined with heightened regulatory scrutiny will have on product and...
October 1, 2012 Confronting Risk Culture at the Board Level Tackling risk culture head-on – that is, the collective way in which personnel within an organization think about, communicate about, and behave in relation to risk – may be one of the...
August 3, 2012 The Importance of Board Support for Enterprise Risk Management: Part 3 A critical element for the success of any ERM effort is the involvement and "buy-in" of the board of directors. Michael Somich, Executive Director of Internal Audit at Duke University,...
July 6, 2012 The Importance of Board Support for Enterprise Risk Management: Part 2 A critical element for the success of any ERM effort is the involvement and "buy-in" of the board of directors. Michael Somich, Executive Director of Internal Audit at Duke University,...
June 4, 2012 The Importance of Board Support for Enterprise Risk Management: Part 1 A critical element for the success of any ERM effort is the involvement and "buy-in" of the board of directors. Michael Somich, Executive Director of Internal Audit at Duke University,...
June 1, 2012 Risk Appetite: A Conversation of Governance Managers often view risk appetite as a highly theoretical concept: one that is determined instead of discussed, irrelevant instead of practical, or static instead of adaptive. This paradigm is due...
June 1, 2012 Preparing for a Corporate Crisis Before Significant Risks Materialize A recent article from Practical Law The Journal offers boards guidance on preparing and responding to a corporate crisis. A lack of proper planning can make both managing crisis situations...
February 1, 2012 Is it Necessary to Have a Separate Risk Committee? A hot topic in risk management discussions within organizations is the debate about whether a separate risk committee is necessary for a company to have effective enterprise risk management processes....
January 1, 2012 Risk Management in Deloitte’s 2011 Board Practices Report Deloitte’s 2011 Board Practices Report provides current information on topics of corporate governance. The report is based on the results of a survey distributed to the members of the Society...
January 1, 2012 Risk Committees While most often the board of directors delegates risk oversight to the audit committee, increasingly boards of creating separate board level risk committees charged with that responsibility. This is particularly...
October 1, 2011 Annual Corporate Director Survey Focuses on Risk Management PwC’s 2011 Annual Corporate Director Survey report summarizes the responses of 834 corporate directors concerning stakeholder concerns. Critical areas highlighted in the findings were executive compensation, succession planning, and risk management....
October 1, 2011 Audit Committees Concerns About IT Risks KPMG’s Audit Committee Institute recently published its 2011 Public Company Audit Committee Member Survey Report. This report covers the most prevalent issues audit committees would like allocate more attention to...
October 1, 2011 Audit Committees Call for Better Risk Management Risk management was named as a priority issue for audit committees in the 2011 Public Company Audit Committee Member Survey Report recently released by KPMG’s Audit Committee Institute. This report,...
September 1, 2011 Corporate Crisis: What are the Similarities and What Can We Learn? Cass Business School at City University - London researched some of the largest corporate crises of the last decade. While each company faced very different issues, the researchers found common...
August 30, 2011 Risk Oversight Improving: 2011 Proxy Disclosures After conducting a second analysis of risk-related proxy disclosures of S&P 200 companies, Deloitte found that overall risk practices improved between 2010 and 2011. There were percentage increases in 11 out of the 12...
June 14, 2011 Does Reliance on Board Subcommittees Lead to Silo-Risk Management? Most boards of directors create subcommittees to manage certain types of board oversight responsibilities. Most boards have audit committees to oversee the financial reporting process and compensation committees to oversee...
June 1, 2011 Assessing ERM Programs An effective enterprise risk management (ERM) program can significantly help an organization see and take action on risks that may be affecting the achievement of their core strategic objectives. Organizations...
April 26, 2011 Five Categories for Focusing Risk Oversight A whitepaper published by Protiviti explores five categories the board may want to consider in determining whether to adopt a risk language specific to the organization for risk oversight.
February 9, 2011 Webinar Featuring Insights from Two COSO Risk Oversight Reports Download the presentation ERM Board Risk Oversight – A Tale of Two Surveys from COSO, that highlights key findings and insights from two recent COSO released survey reports on the current...
February 1, 2011 A Survey of Global Risk Management in a Changing Environment After the recent global financial crisis, many economies and financial markets around the world appear to be strengthening. However, serious concerns still exist as organizations are not returning to the...