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ERM Leadership and Governance

May 1, 2008

ERM: The Importance of Senior Management Buy-In and Leadership

The Midwest Audit Committee Network met to discuss effective ways for boards and audit committees to oversee enterprise-wide risk management. The network is a group of audit committee chairs drawn from leading Midwest companies of varying size. This article captures the overall tone of the comments and outlines the conclusions drawn by the committee. While specific quotes are highlighted to emphasize a point, the speaker’s identity is kept confidential.

Nov 1, 2006

A Changing Risk Landscape – A Study of Corporate ERM in the U.S.

The 2006 survey by Towers Perrin and Monitor Group of 75 senior finance executives from large publicly traded US companies highlights a rising focus on risk management. Key findings include the identification of major risk categories such as operational, strategic, financial, and compliance risks, with a notable trend towards the adoption of Enterprise Risk Management (ERM) for better communication and risk-return management.

Mar 24, 2006

Home Depot’s Approach to ERM

David Whatley, vice president for risk management at Atlanta-based Home Depot Inc., spoke on March 24th to 130 business professionals at the second of three Spring 2006 ERM Roundtables. Whatley described Home Depot’s approach to managing risks at the world’s largest home improvement retailer.

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.

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.

May 1, 2005

Role of the Chief Risk Officer

The Chief Risk Officer (CRO) is rapidly becoming one of the most crucial members of the management team. CROs are involved with managing many types of risks faced by a business including regulatory risks, product development risks, and strategic risks.

Sep 1, 1997

Emergence of Chief Risk Officers

Discover how multinational organizations are adopting Chief Risk Officers (CROs) to manage the broadening dimensions of risk. Learn about the trends driving this change and the importance of integrated risk management frameworks in achieving business objectives.