ERM Initiative Staff

Oct 2, 2012

Getting Started with ERM

Discover how HCA's David Hughes embraced ERM for smarter risk management. Includes key steps to get started with ERM.

Oct 2, 2012

Engaging Business Unit Leaders in Discussing Enterprise Risks

Discover Alpha Natural Resources’ ERM approach, with Paul Zavolta highlighting their integrated top-down and bottom-up strategy and workshops to address risks across all business levels.

Oct 2, 2012

Internal Audit’s Role in Risk Management

Discover Michael Somich’s insights on internal audit's evolving role in ERM at Duke University, including strategies for risk oversight, strategic planning, and creating value through leadership.

Oct 2, 2012

Role of Senior Executives in Leading Risk Oversight

Duke University’s Michael Somich emphasizes the importance of executive support for ERM success. Learn how leadership commitment has driven ERM maturity at Duke and the risks of lacking such backing.

Oct 2, 2012

Chief Risk Officer vs. Risk Committees

Paul Zavolta shares how Alpha Natural Resources combines a CRO and risk committee to enhance ERM and emphasizes the need for leadership skills and education in risk management.

Oct 2, 2012

The Future of ERM

Steve Dreyer, Managing Director at Standard & Poor's, believes that while the term Enterprise Risk Management (ERM) may fade, its core concepts will endure and evolve with best practices, despite potential criticism of S&P's focus on this "soft" aspect of company evaluations.

Oct 1, 2012

Four Steps to Better Statistical Performance Measures

Explore how cognitive biases affect performance metric selection, and learn a practical methodology for connecting non-financial and financial metrics to better assess risk and drive strategic objectives.

Oct 1, 2012

Managing Risks of Innovation

Learn how to mitigate risks in global innovation projects with these 10 rules. Explore insights from top firms like Intel and Samsung to boost innovation success.

Oct 1, 2012

Applying “Big Data” to Risk Management

“Big data” is quickly building a following as a useful tool for helping managers make decisions. But what exactly is big data, and is its use actually beneficial to a business? This article from Harvard Business Review answers these two questions and more. The authors explain why digital data is perhaps more useful than ever before, and also provide real-life examples of companies using big data to make better decisions. The article also discusses five ingredients that are critical to using big data successfully in any company. Ultimately, big data could provide managers with insights into the risks facing their organizations.

Oct 1, 2012

Confronting Risk Culture at the Board Level

Learn how risk culture influences ERM success. Discover IRM's frameworks and tools for boards to assess, understand, and shape their organizations' risk culture strategically.