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ERM Initiative Staff

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.

Nov 2, 2011

How ERM Differs from Traditional Risk Management?

Discover insights from Laurie Brooks on how ERM elevates traditional risk management through strategic prioritization, interconnected risk analysis, and proactive approaches for aligning risks with organizational goals.

Nov 1, 2011

Risk Management in US Government Agencies (non-DoD)

Explore key findings from a CSIS workshop on U.S. government risk management practices, including similarities in risk assessment, implementation, and best practices for communicating risk, fostering culture, and driving leadership accountability.

Nov 1, 2011

2011 RIMS ERM Survey

Explore the growing acceptance of Enterprise Risk Management (ERM) in companies, as revealed by the RIMS 2011 ERM Survey. Discover key findings on ERM leadership roles, adoption motivators, frameworks used, and the maturity of ERM programs across various industries. Learn how companies are progressing in their ERM implementation and areas needing improvement.

Nov 1, 2011

Excellence in Risk Management VII

RIMS survey reveals shifting expectations for risk management. Learn how ERM integration, ROI measurement, and strategic alignment are reshaping the role of risk professionals.

Nov 1, 2011

The ERM Process at Xerium Technologies Part 2

Bonnie Hancock interviews Fred Caloggero on Xerium’s ERM process, highlighting risk velocity, KPIs, and KRIs for proactive and strategic risk management.

Nov 1, 2011

Proactively Managing External Relationship Risk

The focus on managing third-party risk is becoming prevalent in the current business environment as more organizations turn to external providers to gain access to needed services, reduce costs, or achieve other strategic advantages. While most executives recognize the importance of thinking through risks associated with delegating key tasks to external parties, several studies suggest the extent of vendor risk assessments is lacking and they fail to be adequately resilient in holding vendors to certain risk management standards. A thought paper by Crowe Horwath presents a process for managing third-party relationship risks by utilizing a risk landscape framework. They highlight three steps to implement a successful third party risk management program.

Nov 1, 2011

The ERM Process at Xerium Technologies Part 1

Learn how Xerium Technologies used ERM to shift from reactive firefighting to proactive risk management, navigating bankruptcy and fostering strategic resilience. Valuable lessons for ERM implementation await!

Oct 17, 2011

Compliance, Ethics and Enterprise Risk Management

Carlo V. di Florio, the Director of Office of Compliance Inspections and Examinations at the SEC spoke about the relationship between compliance, ethics and ERM. He made his speech at the National Society of Compliance Professionals (NCSP) National Meeting in October 2011. The speech outlined the importance of ethics in compliance and ERM exercises. It also presented ten elements of effective ethics, compliance and ERM programs. The speech also emphasized the need to clarify an organization's five lines of defense namely the business, key support functions, internal audit, senior management, and the board of directors.

Oct 1, 2011

Annual Corporate Director Survey Focuses on Risk Management

Corporate directors are prioritizing risk management, focusing on IT, compliance, and crisis planning. Discover the latest insights from PricewaterhouseCoopers' 2011 survey, revealing key risks and governance challenges facing boards today.