Reputational Risk

Jun 16, 2014

2014 Research Report on Current State of Enterprise Risk Management

The 2014 Research Report on Enterprise Risk Management provides insights from 446 executives across various industries, exploring the maturity of ERM processes in their organizations.

Jan 1, 2014

The Importance of Integrating Risk Management with Strategy

A recent thought paper, 10 Lessons in Integrating Risk Management with Strategy by Protiviti uses examples of both corporate failures and successes to learn what helped those that survived and thrived reach different outcomes than those that failed and disappeared. The thought paper provides lessons learned as well as tools and techniques executives can use to improve their company’s chances of surviving and thriving in an ever-changing world. The thought paper finds that surviving and thriving companies were able to respond to a pending crisis because they integrate risk into their strategic discussions, allowing them to react quickly enough to take advantage of emerging opportunities.

Jul 1, 2011

Managing Social Media Risks

As organizations realize the potential of social media to positively benefit their marketing and advertising strategies, they are also aware of potential risks. In a white paper published by Crowe Howarth LLP, the authors outline sources from which social media risks can originate and provides a six-step approach that an organization can use to create an effective social media risk management strategy.

May 1, 2009

Seven Question Guide to Assessing Your Enterprise Risk Management Practices

Risk professionals should consider seven questions in evaluating risk management tools, improving risk management practices, and assessing the state of ERM in an organization. Professionals should ask these seven questions: (1) if the risk management process really assesses risk; (2) if the risk assessment is context-driven; (3) if the risk management process address root causes of failure; (4) what business performance says about risk; (5) what the organization's risks say about its controls; (6) what the organization's controls say about its risks; and (7) if the professionals and their organizations are up for the task of risk management.

Mar 11, 2005

ERM and Business Continuity

There is a huge debate over the roles and positioning of risk management and business continuity management within organizations. Some argue one function should be subordinate to the other. The key, however, is that the organization must determine the functional scopes of each function and communicate the appropriate relationship of the two tasks. Each organization needs to decide the appropriate mixture of these two functions.