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ERM Fundamentals

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.

Jul 1, 2013

Board Oversight Much a Part of ERM Program Success (or Failure)

Michelle Harner emphasizes the board's vital role in ERM, influencing risk culture, enhancing oversight, and protecting organizations from litigation while ensuring sound risk management practices.

Apr 1, 2013

Framework for Building a More Risk-Aware Enterprise Compliance Structure

Explore Deloitte's enterprise compliance framework, offering insights into managing compliance risks and enhancing organizational accountability, from understanding the risk environment to evaluating compliance program performance.

Feb 26, 2013

Managing Risks to Sustainability Communication Strategies

Explore the importance of sustainability reporting in today's corporate landscape. Learn about key ESG metrics, supply chain transparency, and how board oversight fosters effective sustainability initiatives.

Oct 2, 2012

Role of Senior Executives in Leading Risk Oversight

Duke University’s Michael Somich emphasizes the importance of executive support for ERM success. Learn how leadership commitment has driven ERM maturity at Duke and the risks of lacking such backing.

Oct 2, 2012

Chief Risk Officer vs. Risk Committees

Paul Zavolta shares how Alpha Natural Resources combines a CRO and risk committee to enhance ERM and emphasizes the need for leadership skills and education in risk management.

Oct 2, 2012

Education of ERM Concepts at the Collegiate and Corporate Levels

Laurie Brooks highlights the integration of ERM as a core executive competency, emphasizing its role in effective governance. Learn how risk oversight practices indicate the maturity of ERM processes.

Jul 6, 2012

The Importance of Board Support for Enterprise Risk Management: Part 2

Learn how Duke University integrates top leadership, clear communication, and structured processes to enhance enterprise risk management effectiveness across operational and academic areas.

Jul 1, 2012

Increasing Percentages of Organizations are Embracing Enterprise Risk Management

Research from NC State’s ERM Initiative reveals progress in ERM adoption, yet highlights areas for growth, particularly in aligning risk management with strategic decision-making.

Jun 1, 2012

Super Bowl Embraced ERM

The 2012 Super Bowl leveraged ERM principles to tackle event-specific risks. Learn how the Host Committee managed reputational and operational risks, emphasizing comprehensive response strategies and the importance of an enterprise-wide view.