Enterprise Risk Management

Rethinking and Elevating the Status of Risk Management

Enterprise risk management (ERM) is at the heart of effective decision making and should be at the forefront of everybody’s thinking within the organization. Today’s risk-filled macroeconomic environment requires front-line employees, middle management, senior executives and the board to take a proactive approach in managing the various risks the business… Read More »Rethinking and Elevating the Status of 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),… Read More »Embracing Risk for Improved Business Performance

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… Read More »Boards Must Play A Leading Role in Effective Risk Oversight