Category Archives: Enterprise Risk Management

Embracing Risk for Improved Business Performance

Barings Bank rogue trader (1995), LTCM hedge fund failure (1998), Enron bankruptcy (2001), Parmalat accounting fraud (2003), AIG accounting scandal (2005), Lehman Brothers bankruptcy(2008), Bennie Madoff ponzi scheme (2008), Toyota unintended acceleration recalls (2009) , BP Deepwater Horizon oil spill (2010), Fukushima tsunami and nuclear accident (2011), Libor-fixing scandal (2012), JP Morgan $14.6 billion regulatory… Read more »

Minimizing Risks of Outsourcing Failure

As the challenge on CFOs and other business leaders to do more with less continue to increase, we have witnessed an increase in the number of outsourcing arrangements across all industries. Most organizations, led by their CFOs have outsourced selected projects, functions and delegated the day-to-day management of these activities to third-party organizations. Many at… Read more »

Boards Must Play A Leading Role in Effective Risk Oversight

Over the past decade, the total number of risks affecting organizations has increased rapidly. Organizations now operate in an environment that is characterized by risk exposures that are more complex, more interrelated and potentially more destructive than ever before. As a result of this evolving business world, there is increased pressure on senior executives and… Read more »

Ten Qualities of A Good ERM Report

In order to make informed decisions, risk reporting must be of high quality. Managers need to be able to evaluate the suitability of the risk management methods they are employing to identify, assess, mitigate and monitor enterprise risks. Are these methods working? Do employees know when these methods are not working? What are the consequences… Read more »