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ERM Initiative Staff

Jan 1, 2010

Where are the Directors?!?

David Zweig explores why corporate boards often fail to challenge CEOs and protect shareholders. The article suggests board reforms, emphasizing greater accountability and improved governance behaviors to address these issues.

Dec 16, 2009

SEC Approves Enhanced Disclosure about Risk, Compensation and Corporate Governance

The SEC's 2010 rules improve transparency in risk oversight, director qualifications, and compensation policies, enhancing corporate governance and enabling investors to better assess leadership effectiveness.

Dec 15, 2009

Where Main Street Meets the C-Suite

Survey results reveal low public opinion of board and CEO credibility, with concerns over compensation and governance roles. Learn how directors and executives can restore trust and improve corporate reputation.

Dec 1, 2009

A Balance Between Bureaucracy and Personalization

Neil Baker explores how the economic downturn exposed flaws in traditional risk management systems. Highlighting Bristol-Myers Squibb and The Home Depot, Baker illustrates the effectiveness of simple, personalized approaches to risk management over complex bureaucratic systems.

Dec 1, 2009

The Updated Balanced Risk Scorecard in Your Workplace

Learn how integrating key risk indicators (KRIs) into the balanced scorecard (BSC) can help organizations better align risk management with strategic goals and mitigate potential performance problems.

Dec 1, 2009

Six Sigma and Risk Assessments

Textron Inc. leverages its DFSS methodology for a robust risk assessment process, improving audit efficiency and aligning risk management with strategic business objectives. Discover how Textron reduced costs and enhanced risk oversight.

Nov 4, 2009

Strengthening Enterprise Risk Management for Strategic Advantage

COSO's Strengthening Enterprise Risk Management for Strategic Advantage focuses on specific areas where the board of directors and management can work together to improve the board's risk oversight responsibilities and ultimately enhance the entity's strategic value. This thought paper expands on COSO's Effective Enterprise Risk Oversight: The Role of the Board of Directors and provides further detail on the four specific areas discussed in that document.

Oct 2, 2009

Strengthening Risk Oversight: Practical Lessons from Cree, Inc.

Scott McKay of Cree, Inc. discusses effective ERM strategies, focusing on identifying entity-wide risks, using heat maps for risk assessment, and communicating risk ownership to drive strategic decision-making.

Oct 1, 2009

Risk Governance: Balancing Risk and Reward

In October 2009, the National Association of Corporate Directors (NACD) issued a Blue Ribbon Commission report containing guidance for board members regarding how to strengthen their risk oversight practices. The report describes the importance of risk governance and strategic risk alignment, and highlights that the board should be fully responsible for risk oversight, only delegating tasks that might need a more specialized focus. At the end of the day, the board as a whole should be in charge of ensuring that management has aligned their strategy and risk appetite for the company.

Oct 1, 2009

Managing Risk in the New World

Explore a comprehensive framework for managing risks, categorizing them into preventable, strategy, and external risks. Gain insights into fostering a risk-aware culture and optimizing risk oversight practices.