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ERM Initiative Staff

Jul 25, 2017

Today’s Risk Management Challenges: It’s a Small World After All

   In late June, I spoke at a conference in Italy focused on risk management and organizational change.  Those in attendance included both business professionals and academics interested in understanding…

Jun 27, 2017

What is More Important for Creating Successful Teams, Design or Coaching?

   Dr. Brad Kirkman, General (Ret.) H. Hugh Shelton Distinguished Professor of Leadership, NC State University Poole College of Management. His research focuses on leadership, international management, virtual teams, and work…

May 16, 2017

Why Teams Often Make Riskier Decisions Than Individuals (and What You Can Do About It)

Dr. Brad Kirkman, General (Ret.) H. Hugh Shelton Distinguished Professor of Leadership, NC State University Poole College of Management, Shares his insights about how decisions made by teams may actually introduce more risks than when decisions are made individually. He also provides tips for how to counter that concern.

Feb 23, 2017

2017 The State of Risk Oversight Report: An Overview of Enterprise Risk Management Practices

Explore the 2017 State of Risk Oversight report by NC State’s ERM Initiative and the AICPA, offering insights from executives on the maturity of ERM practices across various industries.

Rich Muzikar

Feb 23, 2017

Importance of Key Risk Indicators (KRIs)

Richard (“Rich”) G. Muzikar, Director, Enterprise Risk Management at ConEdison, talks about his organization's use of Key Risk Indicators (KRIs). 

Feb 1, 2017

Riskiness of Incentive Compensation Plans

Reassessing existing incentive compensation plans has become a more significant and common agenda for many corporations. It has become increasingly evident that these incentive plans have driven questionable employee behavior and resulted in damaging consequences and reputations for businesses. The responsibility of many boards of directors now includes the assessment of whether there are proper processes in place to identify and mitigate the potential risks that come with these incentive compensation programs. This article from Deloitte discusses in detail their recommendations for how boards and compensation committees should conduct these risk reviews.

Feb 1, 2017

Enterprise Risk Intelligence and its Importance

Enterprise risk intelligence represents the knowledge required to appropriately and successfully apply an enterprise risk management (ERM) program. ERM programs have many known benefits; however, too few organizations successfully utilize risk programs. This article discusses the importance and benefits of ERM and follows with a study discussing why ERM today is immature, the barriers against implementing ERM, and solutions to deploy ERM.

Nov 29, 2016

Five Recurring Themes for Enhancing Risk Oversight

Article by Mark S. Beasley: Over the past month I have had the opportunity to meet and talk with a number of risk management executives who have engaged with us at our ERM Initiative Advisory Board meeting, our ERM Roundtable Summit, and our inaugural ERM in Higher Education workshop, and I have traveled to Europe to participate in ERM conferences there. In all these experiences I have observed a number of common themes related to opportunities to strengthen ERM processes. These opportunities seem to transcend organizational size, industry, and geographic location. Let me highlight five challenges that ERM leaders view as opportunities to strengthen the value of their organization's ERM efforts.

Keith Cureton and Mark Beasley

Nov 21, 2016

​Using Risk Profile Summaries to Oversee Top Risks

Keith Cureton, Vice President of Global Compliance and Ethics at UPS discusses how UPS communicates risk information to senior management and the board of directors.

Phil Maxwell

Sep 27, 2016

Risk Identification and Risk Training

Phil Maxwell, Director of Enterprise Risk Management at The Coca-Cola Company shares risk identification techniques and Coca-Cola’s approach to ERM education and training.