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Poole College of Management
Enterprise Risk Management Initiative

ERM Leadership and Governance

Keith Cureton and Mark Beasley

Nov 21, 2016

​Using Risk Profile Summaries to Oversee Top Risks

Keith Cureton, Vice President of Global Compliance and Ethics at UPS discusses how UPS communicates risk information to senior management and the board of directors.
Phil Maxwell

Sep 27, 2016

Risk Identification and Risk Training

Phil Maxwell, Director of Enterprise Risk Management at The Coca-Cola Company shares risk identification techniques and Coca-Cola’s approach to ERM education and training.

Aug 25, 2016

2016 The State of Risk Oversight Report: An Overview of Enterprise Risk Management Practices

Explore the 2016 State of Risk Oversight report by NC State’s ERM Initiative and the AICPA, offering insights from executives on the maturity of ERM practices across various industries.

Jan 20, 2016

A Risk Manager’s Role in Strategic Leadership

A misalignment of risk priorities often exists between the risk manager and the executive decision makers. What can risk managers do to help them establish their significance and contribution to the organization? As in almost any emerging field, risk management requires effective communication and robust contribution from all parties in order to extract the most value for the organization.

Oct 26, 2015

A Chief Compliance Officer’s Role in Risk Management

Risks, rules, and regulations: Can today's chief compliance officers keep up? It is commonly known that a company's ability to assess and manage risks to meet stakeholder expectations may ultimately determine the success or failure of an organization. Deloitte and Compliance Week, in their collaborative efforts, have administered a survey to annually assess corporate America's ability to keep up with these rising expectations and to address issues and concerns resulting from current trends.

Jun 16, 2014

2014 Research Report on Current State of Enterprise Risk Management

The 2014 Research Report on Enterprise Risk Management provides insights from 446 executives across various industries, exploring the maturity of ERM processes in their organizations.

May 1, 2014

Understanding Risk Appetite

In order for directors to oversee risk management effectively, there must be a clear understanding of what constitutes the organization’s risk appetite. The concept of a risk appetite is fairly new and can be a bit confusing. A recent thought paper by PricewaterhouseCoopers (PwC) seeks to explain risk appetite in “plain English.” The thought paper defines risk appetite, describes how to develop a risk appetite statement, and explains the oversight role of the board in the development of the risk appetite process

Jan 1, 2014

The Importance of Integrating Risk Management with Strategy

A recent thought paper, 10 Lessons in Integrating Risk Management with Strategy by Protiviti uses examples of both corporate failures and successes to learn what helped those that survived and thrived reach different outcomes than those that failed and disappeared. The thought paper provides lessons learned as well as tools and techniques executives can use to improve their company’s chances of surviving and thriving in an ever-changing world. The thought paper finds that surviving and thriving companies were able to respond to a pending crisis because they integrate risk into their strategic discussions, allowing them to react quickly enough to take advantage of emerging opportunities.

Jan 1, 2014

Six Recommendations to Improve Board Risk Oversight

The financial crisis and subsequent performance failures, including bankruptcy, has resulted in a bright spotlight on boards for a number of organizations in regards to their effectiveness - and lack thereof - in risk oversight. Scrutiny has increased from regulators and other key stakeholders calling on boards to ensure their risk oversight efforts are strengthened. A recent Deloitte thought paper offers six recommendations that boards may want to consider to strengthen the board's overall risk intelligence.

Nov 1, 2013

Collaborative Risk Management Fundamentals

Over the last decade, a number of organizations have embraced the concept of enterprise risk management (ERM) as a way to strengthen their oversight of the most significant risks to their business. Fortunately, many of realized a number of benefits from an enterprise-wide analysis of their most significant risks, while others unfortunately have experienced frustration in their ERM efforts. A recent thought paper by the Arthur J. Gallagher Think Tank for Higher Education Risk Management highlights common reasons for ERM failure and it identifies common factors associated with entities who are finding value in their ERM efforts. The paper emphasizes the value of strengthened collaboration across the management team as one of the keys to ERM success. The paper calls on organizations to distinguish between risk management as a one-time function performed singlehandedly, and the process of managing risk, which involves collaborative effort and embedded process throughout the organization.