ERM Initiative Staff

Oct 1, 2011

Audit Committees Concerns About IT Risks

KPMG’s 2011 survey shows audit committees prioritizing IT risks, including cybersecurity and compliance. Respondents express concerns over the quality of information received and call for more frequent input from CIOs.

Oct 1, 2011

Audit Committees Call for Better Risk Management

KPMG's survey of audit committee members highlights concerns around IT risks, operational risks, and crisis planning, emphasizing the need for better information and input from CROs and CIOs.

Sep 1, 2011

Cyber Crisis Management: A New Philosophy and Approach to Incident Response

Cybercrimes can cause financial and reputational damage. Learn how companies can prepare for cyber threats with robust crisis plans, incident response protocols, and expert guidance for comprehensive risk management.

Sep 1, 2011

Corporate Crisis: What are the Similarities and What Can We Learn?

Discover insights from Case Business School's analysis of corporate crises, highlighting risk categories, the dangers of groupthink, and strategies for evolving ERM to tackle inherent industry risks.

Sep 1, 2011

Being Aware of Catastrophic Risks

Uncover strategies to prevent catastrophic risks, including addressing communication biases, fostering courageous oversight, and learning from past failures like the Titanic and Bernie Madoff scandals.

Sep 1, 2011

Business Leaders and Global Capitalism Risk

Harvard researchers identify global disruptions threatening market capitalism and advocate for business leadership in innovation, strategy, and public policy to address systemic challenges and ensure sustainability.

Sep 1, 2011

Better Management of Complexity in Business

Learn to distinguish complex from complicated systems and uncover practical approaches to forecasting, mitigating risks, and improving decision-making in today’s interconnected business landscape.

Aug 30, 2011

Risk Oversight Improving: 2011 Proxy Disclosures

Deloitte’s study of S&P 200 companies uncovers key improvements in board risk oversight and governance, with recommendations to strengthen risk management practices through better alignment with corporate strategy and regulatory transparency.

Aug 1, 2011

Avoiding Confirmation Bias in Decision Making

Executives today are becoming even more aware of the biases within their own mind that can prevent them from making the correct decisions. One of these major biases is confirmation bias, which is the phenomenon in which people throw away any evidence as irrelevant if it contradicts their initial notion of the situation. Increased awareness of the decision making process can help executives better evaluate situations when coming to a major decision. Confirmation bias is likely to be present in any risk identification and risk assessment task as new information comes to light that might contradict our preconceived notions about a risk event. This thought paper explores twelve questions to think through before jumping into the deep end and making a major decision with an unfounded assumption as its base.

Aug 1, 2011

The CFOs Relationship with the Audit Committee for Effective Risk Management

Learn five key practices for strengthening the CFO-audit committee relationship, emphasizing their critical role in risk oversight, financial governance, and strategic alignment for effective corporate governance.