ERM Frameworks and Best Practices

May 2, 2017

Ten Take-Aways from the Spring 2017 NC State ERM Roundtable Summit

At the ERM Roundtable Summit, experts shared practical tips to strengthen ERM processes. From integrating strategy with risk management to developing playbooks and tabletop exercises, these insights will help you enhance your organization's ERM approach.

Feb 23, 2017

Importance of Key Risk Indicators (KRIs)

Richard (“Rich”) G. Muzikar, Director, Enterprise Risk Management at ConEdison, talks about his organization's use of Key Risk Indicators (KRIs). 

Feb 23, 2017

2017 The State of Risk Oversight Report: An Overview of Enterprise Risk Management Practices

Explore the 2017 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.

Feb 1, 2017

Enterprise Risk Intelligence and its Importance

Enterprise risk intelligence represents the knowledge required to appropriately and successfully apply an enterprise risk management (ERM) program. ERM programs have many known benefits; however, too few organizations successfully utilize risk programs. This article discusses the importance and benefits of ERM and follows with a study discussing why ERM today is immature, the barriers against implementing ERM, and solutions to deploy ERM.

Feb 1, 2017

Communicating Risk Information to Boards

Lynne Peck shares how Reynolds American communicates key risk insights to the board, highlighting report formats, timing strategies, and board committee participation for effective ERM.

Nov 29, 2016

Five Recurring Themes for Enhancing Risk Oversight

Article by Mark S. Beasley: Over the past month I have had the opportunity to meet and talk with a number of risk management executives who have engaged with us at our ERM Initiative Advisory Board meeting, our ERM Roundtable Summit, and our inaugural ERM in Higher Education workshop, and I have traveled to Europe to participate in ERM conferences there. In all these experiences I have observed a number of common themes related to opportunities to strengthen ERM processes. These opportunities seem to transcend organizational size, industry, and geographic location. Let me highlight five challenges that ERM leaders view as opportunities to strengthen the value of their organization's ERM efforts.

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.

Sep 22, 2016

Case Studies on Key Risk Indicators

NC State's ERM Initiative is pleased to release a thought paper, Key Risk Reporting and Key Risk Indicators, that highlights three case study illustrations of how organizations have developed effective processes for reporting risk information. These case studies are based on real life examples of how companies have addressed the need for effective risk measures.

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.

Aug 2, 2016

Engaging Management in Risk Identification Processes

Scott Williams, Senior Director of ERM at the Lockheed Martin Corporation, shares techniques used across the organization to engage management in the identification of risks to the organization.