Risk Culture

Sep 1, 2014

Strengthening Your Organization’s Risk Culture

Learn how to strengthen your organization’s risk culture with insights from IMA’s thought paper. Discover strategies like fostering professional skepticism, expanding board diversity, and effectively communicating risk appetite.

Jun 16, 2014

2014 Research Report on Current State of Enterprise Risk Management

Explore insights from the NC State ERM Initiative's latest report, developed in partnership with the AICPA, which examines the maturity of enterprise risk management processes across various organizations and highlights opportunities for better integration with strategic planning.

Jun 13, 2014

The Necessity of Rapid Response for Resilience

Learn how resilient companies ensure rapid response to crises through empowered teams, decisive actions, and rehearsed plans, drawing from insights in the "Roads to Resilience" report.

Feb 27, 2014

The Board’s Role in Risk Oversight

The NACD Advisory Council offers best practices to improve communication between boards and management on risk oversight. Learn how boards can better oversee strategic risks, establish clear risk management roles, and effectively handle crises.

Jan 15, 2014

Eliminating Reputation Threats

Reputation is vital for higher education institutions. Learn how effective crisis planning, transparent communication, and board awareness can safeguard your organization’s most valuable asset: its reputation.

Jan 1, 2014

Value Killers in the Current Risk Environment

Explore Deloitte's study on the root causes behind major stock value losses, revealing key risk factors like liquidity, interdependencies, and compensation culture, along with strategies to mitigate these risks and shorten recovery time.

Jan 1, 2014

The Importance of Integrating Risk Management with Strategy

A recent thought paper, 10 Lessons in Integrating Risk Management with Strategy by Protiviti uses examples of both corporate failures and successes to learn what helped those that survived and thrived reach different outcomes than those that failed and disappeared. The thought paper provides lessons learned as well as tools and techniques executives can use to improve their company’s chances of surviving and thriving in an ever-changing world. The thought paper finds that surviving and thriving companies were able to respond to a pending crisis because they integrate risk into their strategic discussions, allowing them to react quickly enough to take advantage of emerging opportunities.

Dec 31, 2013

Proxies Reveal Enhancements in Board Risk Oversight

Explore Deloitte’s survey of S&P 200 proxy disclosures, revealing how boards are enhancing their risk oversight, with notable increases in focus on compensation and reputational risk across industries.

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.

Nov 1, 2013

Create Synergies between Risk Management and Internal Audit

Companies are always scanning the business landscape for the next way to get ahead, to gain a competitive advantage, and to take the next step, particularly in the area of risk management. Most companies have some form of risk management, whether the traditional silos or the more robust enterprise risk management, and their purpose ranges from protecting assets to pursuing opportunities. These same companies often have an over-looked, or at least underutilized asset, in their internal audit function. Internal audit understands the business operations and controls; however, they share a common goal with risk management, which is to improve the effectiveness of risk management. This common goal leads to a potential synergy that can help a company reach that next step in risk management. The Risk Insurance Management Society ("RIMS") and The Institute of Internal Auditors ("IIA") joint white paper highlights the why, the how, and the proof that leveraging your internal audit function in risk management can not only work, but work well.