Operational Risk

Dec 30, 2010

Climate Change and Sustainability Risks

Discover how climate change and sustainability shape enterprise risks, including strategic, financial, and reputational impacts. Learn key strategies to address these emerging challenges effectively.

Nov 15, 2010

Intensifying Dialogue on Risk and Strategy: A Banking Perspective

A 2010 study by the Bank Governance Leadership Network identifies steps for enhancing risk governance in banks, including strengthening risk appetite definitions and improving board-management engagement.

Oct 1, 2010

ERM Roundtable Summit- Enterprise Risk Management at Target

Discover how Target’s ERM program evolved to enhance risk awareness, align strategy with risk appetite, and uncover opportunities amid challenges in a dynamic retail environment.

Jul 1, 2010

How Did BP’s Risk Management Lead to Failure?

The news has been flooded with updates on the environmental impact of the BP oil spill on the gulf coast and the economic impact on businesses in the surrounding areas. Many are wondering: How could something like this happen? Why has it taken so long to fix? What was BP management thinking? The answers to these questions are centered on one element the financial world has been buzzing about since the financial crisis: risk management. This article points out the critical components of risk management that were absent at BP and compares them to the basic principles any company should employ to successfully manage risks.

Feb 19, 2010

Launching ERM: Lessons from Highwoods Properties

Jeff Miller of Highwoods Properties shared insights on building a risk-aware culture, leveraging both top-down and grassroots approaches, and embedding ERM into strategic decision-making processes.

Dec 1, 2009

A Balance Between Bureaucracy and Personalization

Neil Baker explores how the economic downturn exposed flaws in traditional risk management systems. Highlighting Bristol-Myers Squibb and The Home Depot, Baker illustrates the effectiveness of simple, personalized approaches to risk management over complex bureaucratic systems.

Dec 1, 2009

Six Sigma and Risk Assessments

Textron Inc. leverages its DFSS methodology for a robust risk assessment process, improving audit efficiency and aligning risk management with strategic business objectives. Discover how Textron reduced costs and enhanced risk oversight.

Nov 22, 2009

Risk Management in Higher Education

Explore how Auburn University’s risk management department tackles insurance, scientific, and athletic risks, while strengthening ERM to support strategic goals and ensure campus-wide safety and compliance.

Oct 1, 2009

Managing Risk in the New World

Explore a comprehensive framework for managing risks, categorizing them into preventable, strategy, and external risks. Gain insights into fostering a risk-aware culture and optimizing risk oversight practices.

Aug 1, 2009

A New Landscape for Risk Management and Oversight

Ernst & Young's research highlights the shift towards a holistic view of risk management, emphasizing dynamic risk assessments and the critical role of boards and audit committees in risk oversight. Explore essential questions for evaluating risk management processes and aligning them with company strategy.