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Poole College of Management
Enterprise Risk Management Initiative

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Feb 11, 2020

Effective ERM Can Promote Stakeholder Balance

This article provides an overview of the Business Roundtable (BRT) Statement on the Purpose of the Corporation.

Jun 26, 2018

The Relationship between Internal Controls, ERM, and the Business Model

COSO's Improving Organizational Performance and Governance discusses how COSO's Internal Control Integrated Framework and COSO's ERM Integrated Framework relate to the standard business model. The frameworks can contribute to an organization's long-term success. The key takeaway is that good risk management and internal control are necessary for the long term success of all organizations. Improving organizational performance and governance will support this goal.

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…

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.

May 25, 2016

The Bow-Tie Analysis: A Multipurpose ERM Tool

Bonnie V. Hancock, Executive Director of North Carolina State University's ERM Initiative, discusses The Bow-Tie Analysis, a multi-purpose ERM tool.

Jan 1, 2014

Six Recommendations to Improve Board Risk Oversight

The financial crisis and subsequent performance failures, including bankruptcy, has resulted in a bright spotlight on boards for a number of organizations in regards to their effectiveness - and lack thereof - in risk oversight. Scrutiny has increased from regulators and other key stakeholders calling on boards to ensure their risk oversight efforts are strengthened. A recent Deloitte thought paper offers six recommendations that boards may want to consider to strengthen the board's overall risk intelligence.

Nov 1, 2011

2011 RIMS ERM Survey

Explore the growing acceptance of Enterprise Risk Management (ERM) in companies, as revealed by the RIMS 2011 ERM Survey. Discover key findings on ERM leadership roles, adoption motivators, frameworks used, and the maturity of ERM programs across various industries. Learn how companies are progressing in their ERM implementation and areas needing improvement.

Oct 17, 2011

Compliance, Ethics and Enterprise Risk Management

Carlo V. di Florio, the Director of Office of Compliance Inspections and Examinations at the SEC spoke about the relationship between compliance, ethics and ERM. He made his speech at the National Society of Compliance Professionals (NCSP) National Meeting in October 2011. The speech outlined the importance of ethics in compliance and ERM exercises. It also presented ten elements of effective ethics, compliance and ERM programs. The speech also emphasized the need to clarify an organization's five lines of defense namely the business, key support functions, internal audit, senior management, and the board of directors.

Apr 1, 2011

Homeland Security Risk Management Fundamentals

The Department of Homeland Security (DHS) plays a critical role in leading a unified effort in the management of the diverse and complex set of risks facing the United States. To strengthen capabilities in fulfilling its mission, DHS has created a Risk Management Fundamentals to provide a structured approach for the distribution and use of risk information and analysis efforts across the Department. The publication lists key principles, discusses approaches, and explains the process of effective risk management intended for DHS organizations and personnel to adopt.