ERM Initiative Staff

Feb 1, 2012

Is it Necessary to Have a Separate Risk Committee?

A hot topic in risk management discussions within organizations is the debate about whether a separate risk committee is necessary for a company to have effective enterprise risk management processes. The authors of this Conference Board article believe “It depends.” The risk management process is a very individualized process. Organizations need to take a long look in the mirror to ensure that a separate risk committee would not create more unnecessary bureaucracy. By learning the business and its strategies more intimately, the organization can determine the risk environment of the firm at a higher level, which in turn will give insights into the necessity/requirement of having a separate risk committee.

Jan 10, 2012

How ERM May Impact Credit Ratings

Discover how S&P integrated ERM into credit ratings, spurred by real-world disruptions and proactive insurance companies. Uncover its transformative role in evaluating enterprise-wide risk management.

Jan 10, 2012

Compiling and Presenting Interview Data from Risk Interviews

Learn how HCA’s David Hughes identifies and communicates top risks, organizes data by risk type and management level, and ensures board-level engagement in risk oversight.

Jan 1, 2012

The World Economic Forum’s Global Risks 2012 Report

Discover the top 50 global risks identified by the World Economic Forum, covering economic, environmental, geopolitical, societal, and technological threats, and their interconnected consequences for global stability.

Jan 1, 2012

Special Report: Risk Lessons from the 2011 Japan Earthquake Disaster

Explore lessons from the Great East Japan Earthquake, including adaptive leadership, global supply chain vulnerabilities, and the need for timely crisis communication to build organizational resilience.

Jan 1, 2012

Managing Reputational Risk

Reputational risk tops the list of concerns for executives. Deloitte’s framework for discovery, baselining, and proactive risk management offers actionable strategies to protect and enhance brand value.

Jan 1, 2012

Risk Management in Deloitte’s 2011 Board Practices Report

Deloitte's Board Practices Report reveals key findings on board involvement in strategy, risk oversight, and governance. Explore trends in risk committees and board responsibilities for public and non-public companies.

Jan 1, 2012

Risk Committees

While most often the board of directors delegates risk oversight to the audit committee, increasingly boards of creating separate board level risk committees charged with that responsibility. This is particularly true for financial services firms, given requirements imposed by the Dodd-Frank legislation for larger banks to form separate risk committees. In an effort to assist companies who are considering the establishment of a board risk committee, Deloitte has organized a resource guide of ideas, recommendations, and specific tools. This resource will help assist those entities that will need to be in compliance with the Federal Reserve’s requirements developed to implement the provisions of Dodd-Frank. Although the guide is helpful for companies that must comply with the new Dodd-Frank regulations, it can be useful for any company that wishes to obtain more information on risk governance and oversight.

Dec 1, 2011

IT Projects – Black Swans Aren’t so Rare

Major IT projects face high risks of black swan events, but success is possible. Learn from case studies and seven strategies for achieving IT project success.

Nov 2, 2011

Enterprise Risk Management and the Banking Crisis: Lessons Being Learned

Steve Dreyer of Standard & Poor’s discusses flaws in banking risk management during the 2008 crisis, emphasizing the need for comprehensive ERM practices and stronger risk metrics.