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ERM Initiative Staff

Feb 24, 2006

Assessing ERM Practices

Prodyot Samanta outlines how S&P integrates ERM practices into corporate credit rating assessments, covering risk governance, methodology, and infrastructure in evaluating management’s ability to manage risks.

Feb 1, 2006

Risk Management Quantification

Explore the balance between qualitative and quantitative risk management through frameworks like COSO and Basel II. Learn how actuarial models can enhance Enterprise Risk Management and guide organizations in risk classification and appetite strategies.

Nov 18, 2005

Leveraging Compliance into Enterprise Risk Management at Entrust

Entrust Inc. CFO David Wagner discusses lessons from Sarbanes-Oxley compliance and rising information security demands. Learn how these challenges helped Entrust enhance its ERM and strategic risk management practices.

Nov 1, 2005

S&P’s Enterprise Risk Management for Financial Institutions: Rating Criteria and Best Practices

Standard & Poor’s Ratings Services presents Enterprise Risk Management For Financial Institutions: Rating Criteria And Best Practices.

Oct 1, 2005

Turnbull Report

Explore the revised 2005 Turnbull Report from the UK's Financial Reporting Council, offering key guidance on internal control and risk management for directors under the Combined Code.

Sep 30, 2005

Evolution of ERM

Business professionals have varied personal definitions of enterprise risk management (ERM) based on their limited exposure to the new idea and their specific encounters with its effects given their roles within their companies. However, in order to better understand risk management, and especially ERM, risk itself must be better understood with greater uniformity than that with which it has been understood in the past. Misconceptions have kept business professionals from understanding risk as measurable in both negative and positive outcomes, as existent even without the occurrence of an event, and as affective of businesses in many areas, not just in the consideration of insurance.

Sep 1, 2005

CROs (Chief Risk Officer) Challenged by IT Risks

The white paper focuses on the increasing dependency companies have on IT processes and the new challenges placed on CROs. Senior executives at various industries were asked to provide insight on digital risks and the role CROs play in tackling such risks.

Sep 1, 2005

Best Practices for Structuring ERM Within the Organization

In order for the risk management division to function properly, it is essential to structure it properly within the firm. The risk management division should be placed in high stature within the firm and should report directly to the CEO. Risk managers should have a deep understanding of the company's business in order to effectively communicate with risk takers in the firm. Structuring the risk management division properly will ensure a more holistic view of risk within the organization.

Jul 1, 2005

ERM – UnitedHealth Group

UnitedHealth Group has implemented ERM within the organization to help identify risks and alleviate negative exposures while profiting from positive opportunities. ERM implementation at UnitedHealth Group evolved out of their Business Risk Management processes used in their six diverse operating businesses.

Jun 10, 2005

Managing Global Supply Chain Risk through Disruption Management

Robert Handfield, Professor of Supply Chain Management and Director of the Supply Chain Research Consortium at the NC State College of Management, spoke at the June 10, 2005 ERM Roundtable about managing global supply chain risk.