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Jun 5, 2007

Risk Manager Trepidation

Russ Banham advises risk managers to look beyond traditional models, emphasizing human and reputational risks. Learn how enterprise risk management can address these threats. Read the full report here.

Jun 1, 2007

Risk Language

Internal Auditor published an article titled, The Language of Risk, which stresses the need for a clear risk language throughout all organizations. By using a common language, different levels of a business can communicate more effectively. Without a common risk language, lots of time can be wasted in clarifying risk issues that are miscommunicated

May 1, 2007

Tools and Techniques for Enterprise Risk Management Execution

The Institute of Management Accountants has issued a new document that summarizes tools and techniques used by businesses that have effectively implemented an ERM program. After identifying risks, businesses should focus on risk drivers and utilizing the vast number of tools currently available for managing risks. Also, the importance of an enterprise-wide approach should be considered when organizations become trapped into managing risks reactively or by use of the silo method. This document contains numerous practical tools and templates that can be adapted for a variety of organizational settings.

Apr 27, 2007

Risk Management at the U.S. Securities and Exchange Commission

Explore the SEC’s approach to risk management, including the role of the Office of Risk Analysis, which focuses on reducing risk management constraints and assisting SEC divisions in risk identification and mitigation efforts.

Apr 1, 2007

Integrating SOX and ERM- Truths and Myths

For most organizations, the efforts being made to meet compliance regulations are not tied to current ERM processes. Procedures should be put in place to integrate compliance functionality into existing risk management plans.

Jan 31, 2007

Survey by KPMG – ERM in the US

KPMG's survey reveals top drivers for ERM efforts, such as preventing financial losses and improving performance. Discover key challenges like integrating ERM with strategy and meeting regulatory compliance, along with critical ERM components.

Jan 1, 2007

Sustainability—Beyond Enterprise Risk Management

AON’s sustainability platform broadens ERM to include social, environmental, and economic factors. Learn how this approach helps businesses manage risks like climate change and boost profitability, brand reputation, and operational efficiency.

Nov 1, 2006

A Changing Risk Landscape – A Study of Corporate ERM in the U.S.

The 2006 survey by Towers Perrin and Monitor Group of 75 senior finance executives from large publicly traded US companies highlights a rising focus on risk management. Key findings include the identification of major risk categories such as operational, strategic, financial, and compliance risks, with a notable trend towards the adoption of Enterprise Risk Management (ERM) for better communication and risk-return management.

Nov 1, 2006

RIMS ERM Maturity Model

The Risk and Insurance Management Society (RIMS) has recently introduced its Risk Maturity Model (RMM) to help organizations better utilize Enterprise Risk Management. The RIMS Risk Maturity Model can be used by chief risk officers and other risk practitioners as a resource to aide in planning, implementing, and benchmarking Enterprise Risk Management practices within their organizations.

Sep 25, 2006

ERM-Benefits for Strategic Planning

The Quarterly Journal of the EDS Agility Alliance recently published an article titled, Coming of Age: As Enterprise Risk Management Matures, So Does Its Value in Strategic Planning, to emphasize the rewards of ERM. Even though some senior managers still lack the broad perspective needed to deal with risk management issues, new tools have emerged and ERM has rapidly gained momentum. The Risk-Capital-Value Framework (RCV) is an example of a concept developed to help businesses manage risks.