ERM Initiative Staff

Aug 1, 2011

Risk Identification through “Rooted Maps”

Discover how rooted maps enhance risk identification by visualizing global risks from specific perspectives. Learn how geographic, cultural, and policy differences shape business strategies and improve executive decision-making.

Jul 1, 2011

Managing Human Capital Risk

Though companies recognize the high impact of Human Capital Risk (HCR), many still have immature HCR management processes, if any. The Conference Board researched companies based in North America, Europe, and Asia-Pacific to evaluate current HCR management practices. Companies with Strategic Workforce Planning (SWP) indicated better HCR maturity. The research in this article also highlights a need for HR and ERM executives to engage each other more to better understand risks associated with their human capital management.

Jul 1, 2011

Managing Social Media Risks

As organizations realize the potential of social media to positively benefit their marketing and advertising strategies, they are also aware of potential risks. In a white paper published by Crowe Howarth LLP, the authors outline sources from which social media risks can originate and provides a six-step approach that an organization can use to create an effective social media risk management strategy.

Jul 1, 2011

Competitive Advantage in a Risk Environment: Four Capabilities to Gain Adaptability

Discover how adaptive strategies help organizations navigate risk and volatility by fostering rapid learning, decentralized decision-making, and strategic experimentation to address emerging challenges.

Jun 14, 2011

Does Reliance on Board Subcommittees Lead to Silo-Risk Management?

Delegating risk oversight to board subcommittees can create silos, undermining ERM objectives. Discover how risk mapping fosters holistic risk oversight, enhances strategic alignment, and identifies emerging risks.

Jun 1, 2011

Assessing ERM Programs

Norman Marks emphasizes internal audit's role in assessing ERM effectiveness for boards, providing questions and tools to evaluate risk management maturity and competence in Internal Auditor’s June 2011 cover story.

May 1, 2011

A Comprehensive Guide to Risk Appetite and Risk Tolerance

With the scarcity of useful guidance to help organizations determine risk appetite and risk tolerance, the Institute of Risk Management (IRM) is seeking to clarify and produce guidance to more effectively communicate an understanding of risk appetite. As a result, IRM released a consultation paper with detailed approaches for developing and using risk appetite and risk tolerance in risk management. In addition to the guidance provided, questions are listed throughout the document with the suggestion that they be asked in the boardroom to ensure that risk appetite and risk tolerance are being adequately addressed.

Apr 29, 2011

Risk Management: A Driver of Enterprise Value in the Emerging Environment

Explore KPMG’s insights on how organizations can enhance risk management through better governance, risk assessment, and risk culture integration for improved strategic decision-making. Download the full survey report here.

Apr 29, 2011

Design to Embrace Failures

Harnessing intelligent failure helps organizations learn, adapt, and innovate. Discover seven principles for embracing failure, minimizing risk, and fostering a culture of learning to enhance organizational resilience and strategy.

Apr 26, 2011

Increasing Risk Awareness for Mission Critical Objectives of Not-for-Profit Organizations

AICPA’s whitepaper highlights how not-for-profits can enhance risk oversight by linking key risks to strategic goals, focusing on external and emerging risks, and fostering stakeholder conversations.