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Poole College of Management
Enterprise Risk Management Initiative

ERM Frameworks and Best Practices

Feb 1, 2012

The LEGO Group’s Four Elements of Risk Management

Learn how LEGO Group's strategic risk management approach, including Monte Carlo simulations and the PAPA model, enhances decision-making, prioritizes risks, and prepares the company for uncertainty.

Jan 1, 2012

Special Report: Risk Lessons from the 2011 Japan Earthquake Disaster

Explore lessons from the Great East Japan Earthquake, including adaptive leadership, global supply chain vulnerabilities, and the need for timely crisis communication to build organizational resilience.

Nov 1, 2011

The ERM Process at Xerium Technologies Part 1

Learn how Xerium Technologies used ERM to shift from reactive firefighting to proactive risk management, navigating bankruptcy and fostering strategic resilience. Valuable lessons for ERM implementation await!

Nov 1, 2011

The ERM Process at Xerium Technologies Part 2

Bonnie Hancock interviews Fred Caloggero on Xerium’s ERM process, highlighting risk velocity, KPIs, and KRIs for proactive and strategic risk management.

Nov 1, 2011

2011 RIMS ERM Survey

Explore the growing acceptance of Enterprise Risk Management (ERM) in companies, as revealed by the RIMS 2011 ERM Survey. Discover key findings on ERM leadership roles, adoption motivators, frameworks used, and the maturity of ERM programs across various industries. Learn how companies are progressing in their ERM implementation and areas needing improvement.

Nov 1, 2011

Risk Management in US Government Agencies (non-DoD)

Explore key findings from a CSIS workshop on U.S. government risk management practices, including similarities in risk assessment, implementation, and best practices for communicating risk, fostering culture, and driving leadership accountability.

Oct 17, 2011

Compliance, Ethics and Enterprise Risk Management

Carlo V. di Florio, the Director of Office of Compliance Inspections and Examinations at the SEC spoke about the relationship between compliance, ethics and ERM. He made his speech at the National Society of Compliance Professionals (NCSP) National Meeting in October 2011. The speech outlined the importance of ethics in compliance and ERM exercises. It also presented ten elements of effective ethics, compliance and ERM programs. The speech also emphasized the need to clarify an organization's five lines of defense namely the business, key support functions, internal audit, senior management, and the board of directors.

Aug 1, 2011

The CFOs Relationship with the Audit Committee for Effective Risk Management

Learn five key practices for strengthening the CFO-audit committee relationship, emphasizing their critical role in risk oversight, financial governance, and strategic alignment for effective corporate governance.

Jun 1, 2011

Assessing ERM Programs

Norman Marks emphasizes internal audit's role in assessing ERM effectiveness for boards, providing questions and tools to evaluate risk management maturity and competence in Internal Auditor’s June 2011 cover story.

Apr 1, 2011

Homeland Security Risk Management Fundamentals

The Department of Homeland Security (DHS) plays a critical role in leading a unified effort in the management of the diverse and complex set of risks facing the United States. To strengthen capabilities in fulfilling its mission, DHS has created a Risk Management Fundamentals to provide a structured approach for the distribution and use of risk information and analysis efforts across the Department. The publication lists key principles, discusses approaches, and explains the process of effective risk management intended for DHS organizations and personnel to adopt.