ERM Initiative Staff

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.

Sep 15, 2012

Managing Supply Chain Risks for Conflict Minerals

Discover how Section 1502 of the Dodd-Frank Act addresses the use of conflict minerals. Explore governance strategies, supply chain transparency, and compliance models for mitigating these emerging risks.

Sep 1, 2012

Minimizing Risks through Creative Strategy Setting

Discover a scientific, seven-step approach to strategy planning that embeds risk management at its core. This method enhances proactive risk oversight and helps organizations choose the best strategic path.

Aug 3, 2012

The Importance of Board Support for Enterprise Risk Management: Part 3

Discover Duke University’s approach to linking internal audits with risk oversight, fostering collaboration between audit committees and leadership to enhance risk-informed decision-making processes.

Aug 1, 2012

How Risk Aversion Can Hurt Your Organization

While we know we must take risks to generate returns, some programs fail to remind managers that ERM is as much about taking risks in pursuit of value as it is about risk avoidance or mitigation. Sometimes too much attention is focused on risk avoidance, which may cause some organizations to squander reasonable opportunities to grow and achieve enterprise objectives. A McKinsey & Company article explains how an overabundance of risk-averse management behavior can actually inhibit a firm from progressing at its full potential. The article outlines behavioral biases that create this risk-avoidance phenomenon among managers and offers guidelines that can help companies mitigate these behavioral biases, thus improving risk management and business performance.

Jul 27, 2012

Mature Risk Management Drives Financial Performance

EY’s study highlights how organizations transform risks into results through strategic governance, embedding risk practices, and optimizing processes. Explore the RISK Agenda for competitive advantage.

Jul 6, 2012

The Importance of Board Support for Enterprise Risk Management: Part 2

Learn how Duke University integrates top leadership, clear communication, and structured processes to enhance enterprise risk management effectiveness across operational and academic areas.

Jul 1, 2012

Increasing Percentages of Organizations are Embracing Enterprise Risk Management

Research from NC State’s ERM Initiative reveals progress in ERM adoption, yet highlights areas for growth, particularly in aligning risk management with strategic decision-making.

Jul 1, 2012

Managing Third-Party Risk in an Increasingly Collaborative Business Landscape

Outsourcing brings strategic benefits but introduces third-party risks. Learn to enhance vendor assessments, involve business owners, and formalize processes to mitigate vulnerabilities in third-party relationships.

Jun 4, 2012

The Importance of Board Support for Enterprise Risk Management: Part 1

Learn how Duke University’s board enhances strategic risk oversight through tailored materials, proactive discussions, and leveraging expertise, driving effective Enterprise Risk Management practices.