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Poole College of Management
Enterprise Risk Management Initiative

Risk Appetite and Response

Frank Fronzo

May 1, 2018

Assigning Risk Owners

Frank Fronzo, Vice President, Assistant Treasurer and Corporate Risk Officer at Estee Lauder talks about how his organization assigns risk owners.

Dec 8, 2016

2017 Top Risks Report: Executive Perspectives on Top Risks for 2017

NC State's ERM Initiative, with Protiviti, has released the "Executive Perspectives on Top Risks for 2017" report, identifying global economic concerns, regulatory scrutiny, and cyber threats as major risks. The findings underscore the need for enhanced risk management and oversight.

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.

Nov 10, 2015

ERM Initiative Releases New Thought Paper on Risk Assessment Practices

ERM Initiative Releases New Thought Paper on Risk Assessment Practices

Oct 1, 2015

Value Creation through Risk Management

Many companies have come to realize that risk management serves more than just a compliance function. In the ever-changing risk environment we live in today, risk management also serves to add value to the company. After conducting their Global Governance, Risk and Compliance Survey, EY published a white paper with a three-step approach to risk management.

Oct 1, 2015

Addressing Bribery and Corruption Risk

This article examines the risks tied to third-party relationships in anti-bribery and corruption (ABC) activities, highlighting the gaps in compliance and the importance of robust internal controls. It also explores how data analytics can be leveraged to manage ABC risks more effectively, particularly in the context of mergers and acquisitions.

May 1, 2014

Understanding Risk Appetite

In order for directors to oversee risk management effectively, there must be a clear understanding of what constitutes the organization’s risk appetite. The concept of a risk appetite is fairly new and can be a bit confusing. A recent thought paper by PricewaterhouseCoopers (PwC) seeks to explain risk appetite in “plain English.” The thought paper defines risk appetite, describes how to develop a risk appetite statement, and explains the oversight role of the board in the development of the risk appetite process

Nov 1, 2013

An Insight into the Benefits of Risk Maturity

Aon’s 2013 Risk Maturity Index Report reveals how mature risk management correlates with better financial performance, including higher stock prices, return on equity, and enhanced resiliency.

Jul 1, 2013

Analysts Evaluate Behavior of Corporate Leaders in Ratings Process

Standard & Poor’s evaluates management through the lens of investor activism, revealing how pressure on corporate leaders affects decision-making and overall risk profiles. Discover the governance risks posed by investor activism.

Mar 1, 2013

Demystifying Risk Appetite

The enterprise risk management (ERM) community is certainly aware of the idea of “risk appetite;” however, despite the attention that risk appetite receives from ERM practitioners, it remains an elusive concept to apply at the enterprise level. In this article from the Spring 2012 issue of Corporate Risk Canada, author Rob Quail, long-time Director of ERM at Canadian utility Hydro One Inc., attempts to explain and cut through the confusion surrounding risk appetite. Quail also walks through a fresh methodology for defining and measuring risk appetite that can help organizations to make better, more consistent business decisions.