Jun 1, 2012
Learn the five essential steps for crisis management and how boards can oversee corporate efforts to plan, respond, and maintain resilience during challenging situations.
Managers often view risk appetite as a highly theoretical concept: one that is determined instead of discussed, irrelevant instead of practical, or static instead of adaptive. This paradigm is due to the notion that risk appetite reflects a short term risk philosophy of the company, and the frequency of which risk appetite is viewed as being congruent with risk tolerance. The authors of this Protiviti white paper discuss the importance of developing and maintaining a risk appetite statement as well as using it to spur conversation between management and the board of directors in the governance process.
May 15, 2012
JPMorgan's $2 billion loss underscores the importance of risk management and culture, as executives face scrutiny for sidelining risk concerns.
Apr 1, 2012
Learn how CFOs can drive value-added risk management through strategic focus, a common risk framework, and innovative approaches to human capital, supply chain, and technology integration.
Feb 1, 2012
Discover the importance of defining and communicating risk appetite. This article explains how to develop, monitor, and integrate risk appetite into strategic planning to drive organizational success.
Oct 1, 2011
KPMG's survey of audit committee members highlights concerns around IT risks, operational risks, and crisis planning, emphasizing the need for better information and input from CROs and CIOs.
Aug 30, 2011
Deloitte’s study of S&P 200 companies uncovers key improvements in board risk oversight and governance, with recommendations to strengthen risk management practices through better alignment with corporate strategy and regulatory transparency.
May 1, 2011
With the scarcity of useful guidance to help organizations determine risk appetite and risk tolerance, the Institute of Risk Management (IRM) is seeking to clarify and produce guidance to more effectively communicate an understanding of risk appetite. As a result, IRM released a consultation paper with detailed approaches for developing and using risk appetite and risk tolerance in risk management. In addition to the guidance provided, questions are listed throughout the document with the suggestion that they be asked in the boardroom to ensure that risk appetite and risk tolerance are being adequately addressed.
Apr 26, 2011
Explore five key risk categories boards should assess to ensure comprehensive risk oversight, including governance, enterprise, strategic, business management, and emerging external risks.
Apr 1, 2011
Learn why understanding success is as important as learning from failure. Explore five key strategies to overcome biases and generate continued success by examining past achievements with the same scrutiny as failures.