0%

Unlock the incredible potential of enterprise risk management 

There has been much evolution in terms of ERM best practices, experience, and standards and regulation over the past decade. Enterprise Risk Management: Today’s Leading Research and Best Practices for Tomorrow’s Executives, Second Edition is the revised and updated essential guide to the now immensely popular topic of enterprise risk management (ERM). With contributions from leading academics and practitioners, this book offers insights into what practitioners are doing and what the future holds. You’ll discover how you can implement best practices, improve ERM tools and techniques, and even learn to teach ERM. Retaining the holistic approach to ERM that made the first edition such a success, this new edition adds coverage of new topics including cybersecurity risk, ERM in government, foreign exchange risk, risk appetite, innovation risk, outsourcing risk, scenario planning,  climate change risk, and much more.  In addition, the new edition includes important updates and enhancements to topics covered in the first edition; so much of it has been revised and enhanced that it is essentially an entirely new book. 

Enterprise Risk Management introduces you to the concepts and techniques that allow you to identify risks and prioritize the appropriate responses. This invaluable guide offers a broad overview, covering key issues while focusing on the principles that drive effective decision making and determine business success. This comprehensive resource also provides a thorough introduction to ERM as it relates to credit, market, and operational risk, as well as the evolving requirements of the board of directors’ role in overseeing ERM.  

Through the comprehensive chapters and leading research and best practices covered, this book: 

  • Provides a holistic overview of key topics in ERM, including the role of the chief risk officer, development and use of key risk indicators and the risk-based allocation of resources 
  • Contains second-edition updates covering additional material related to teaching ERM, risk frameworks, risk culture, credit and market risk, risk workshops and risk profiles and much more.  Over 90% of the content from the first edition has been revised or enhanced
  • Reveals how you can prudently apply ERM best practices within the context of your underlying business activities 

Filled with helpful examples, tables, and illustrations, Enterprise Risk Management, Second Edition offers a wealth of knowledge on the drivers, the techniques, the benefits, as well as the pitfalls to avoid, in successfully implementing ERM. 

Table of Contents

  1. Cover
  2. Title Page
  3. Copyright
  4. Foreword to the Second Edition
  5. Foreword to the First Edition
  6. PART I: Overview and Drivers of Enterprise Risk Management
    1. CHAPTER 1: Enterprise Risk Management
    2. WHAT IS ENTERPRISE RISK MANAGEMENT?
    3. DRIVERS OF ENTERPRISE RISK MANAGEMENT
    4. ABOUT THIS SECOND EDITION
    5. SUMMARY OF THE BOOK CHAPTERS
    6. FUTURE OF ERM AND UNRESOLVED ISSUES
    7. ABOUT THE EDITORS
    8. NOTES
    9. CHAPTER 2: A Brief History of Risk Management
    10. INTRODUCTION
    11. RISK MANAGEMENT IN ANTIQUITY
    12. AFTER THE MIDDLE AGES
    13. THE PAST 100 YEARS
    14. FINAL WORDS
    15. ABOUT THE AUTHORS
    16. NOTES
    17. CHAPTER 3: Strategic Risk Management
    18. INTRODUCTION
    19. THE FOUNDATION
    20. THE FRAME
    21. THE FINISH: STRUCTURE
    22. THE FINISH: CULTURE
    23. CONCLUSION
    24. REFERENCES
    25. ABOUT THE AUTHORS
    26. NOTES
    27. CHAPTER 4: The Role of the Board of Directors and Senior Management in Enterprise Risk Management
    28. INTRODUCTION
    29. GOVERNANCE EXPECTATIONS FOR BOARD OVERSIGHT OF RISK MANAGEMENT
    30. DELEGATION OF RISK OVERSIGHT TO BOARD COMMITTEES
    31. FORMALIZING RISK MANAGEMENT PROCESSES
    32. SENIOR EXECUTIVE LEADERSHIP IN RISK MANAGEMENT
    33. THE ROLE OF THE INTERNAL AUDIT FUNCTION IN ERM
    34. EXTERNAL AUDIT AS AN INDEPENDENT SOURCE OF KEY RISK IDENTIFICATION
    35. ERM IMPLEMENTATION STRATEGIES
    36. ROLE OF THE AUDIT COMMITTEE
    37. ROLE OF THE BOARD
    38. TRAINING
    39. BOARD COMPOSITION
    40. REPORTING
    41. COMPLIANCE
    42. CULTURE
    43. CONCLUSION
    44. ABOUT THE AUTHOR
    45. NOTES
    46. CHAPTER 5: How to Teach Enterprise Risk Management
    47. INTRODUCTION
    48. PEDAGOGIC APPROACHES: INTRODUCING COURSE CONTENT
    49. TRADITIONAL LECTURE
    50. LEARNER-CENTERED TEACHING ( LCT ) FLIPPED-CLASSROOM
    51. LEARNER-CENTERED ACTIVITIES (LCAS)
    52. APPLYING LCA: APPLICATIONS AND ANALYSES
    53. CONCLUSION
    54. APPENDIX 5.A: LEARNER-CENTERED ACTIVITIES (LCAS)
    55. REFERENCES
    56. ABOUT THE AUTHORS
    57. NOTES
    58. CHAPTER 6: The Role of the Board in Risk Management Oversight
    59. THE CHALLENGES
    60. RISK MANAGEMENT METHODOLOGIES
    61. ISO 31000
    62. COSO ERM 2004
    63. WHAT IS ENTERPRISE RISK MANAGEMENT?
    64. ACCOUNTABILITY FOR BOARD OVERSIGHT
    65. OVERVIEW OF THE BOARD'S ROLE
    66. THE BOARD AND INTERNAL AUDIT
    67. CONCLUSION
    68. REFERENCES
    69. ABOUT THE AUTHOR
    70. NOTES
  7. PART II: Enterprise Risk Management, Culture, and Control
    1. CHAPTER 7: ERM Frameworks
    2. INTRODUCTION
    3. FRAMEWORKS AND THEIR IMPORTANCE
    4. COSO ENTERPRISE RISK MANAGEMENT—INTEGRATING STRATEGY WITH PERFORMANCE (COSO ERM)
    5. ISO 31000:2018, RISK MANAGEMENT—GUIDELINES (ISO 31000)
    6. SIMILARITIES AND DIFFERENCES
    7. THE INFLUENCE OF THESE FRAMEWORKS
    8. ADVICE AND CLOSING REMARKS
    9. REFERENCES
    10. ABOUT THE AUTHORS
    11. CHAPTER 8: Becoming the Lamp Bearer
    12. THE ORIGINS OF THE CRO
    13. THE CRO AS COMPLIANCE CHAMPION
    14. THE CRO AS MODELING EXPERT
    15. THE CRO AS STRATEGIC CONTROLLER
    16. THE CRO AS STRATEGIC ADVISOR
    17. WHICH CRO ROLE TO PLAY?
    18. CONCLUSION
    19. ACKNOWLEDGMENTS
    20. REFERENCES
    21. ABOUT THE AUTHOR
    22. NOTES
    23. CHAPTER 9: Creating a Risk-Aware Culture
    24. INTRODUCTION
    25. WHAT IS RISK CULTURE?
    26. HOW TO CREATE A RISK-AWARE CULTURE
    27. LEVERAGING THE POWER OF RISK CULTURE IN A CHANGING ENVIRONMENT
    28. CONCLUSION
    29. REFERENCES
    30. ABOUT THE AUTHORS
    31. NOTE
    32. CHAPTER 10: Key Risk Indicators
    33. INTRODUCTION
    34. WHAT IS A KRI?
    35. HOW ARE KRIs DEVELOPED?
    36. HOW AND WHEN SHOULD KRIS BE USED?
    37. CONCLUSION
    38. REFERENCE
    39. ABOUT THE AUTHORS
    40. CHAPTER 11: Decision Risk Management
    41. INTRODUCTION
    42. THE PROCESS OF DECISION MAKING
    43. THE DANGER OF RELYING ON HUMAN PERCEPTIONS
    44. TWO INTERLINKED PARTS OF A DECISION
    45. IDENTIFYING DECISION UNCERTAINTIES
    46. ANALYZING UNCERTAINTIES AND PRIORITIZING/BALANCING EFFORTS
    47. REPORTING AND LEVERAGING RISK MANAGEMENT
    48. FOLLOW THROUGH AND DRIVE INTELLIGENT RISK TAKING
    49. REFERENCES
    50. ABOUT THE AUTHOR
    51. NOTES
    52. CHAPTER 12: Increasing Adoption of Enterprise Risk Management in the U.S. Federal Government
    53. INTRODUCTION
    54. ORIGINS OF ERM IN THE U.S. FEDERAL GOVERNMENT
    55. IMPLEMENTING ERM AT A FEDERAL AGENCY: THE IMPORTANCE OF CULTURAL ACCEPTANCE
    56. DIFFERENCES BETWEEN ERM IN GOVERNMENT AND ERM IN A PRIVATE COMPANY
    57. UNUSUAL CHARACTERISTICS OF THE GOVERNANCE FRAMEWORK OF THE UNITED STATES
    58. NEXT STEPS FOR ERM IN THE U.S. FEDERAL GOVERNMENT
    59. REFERENCES
    60. ABOUT THE AUTHOR
    61. NOTES
    62. CHAPTER 13: Toolmaking in Risk Management
    63. SUMMARY
    64. INTRODUCTION
    65. FORMALIZING RISK APPETITE—CAN IT WORK?
    66. FROM FATAL REMEDIES TO FORMALITY THAT WORKS—AND HOW NEW ACCOUNTING BEGINS
    67. CONSTRUCTING RISK APPETITE: CASE STUDIES
    68. DISCUSSION
    69. CONCLUSION
    70. APPENDIX 13.A: CONSULTING REPORTS: DEFINITIONS OF RISK APPETITE
    71. REFERENCES
    72. ABOUT THE AUTHOR
    73. NOTES
    74. CHAPTER 14: Incorporating Risk Acumen and Enterprise Risk Management into Innovation Approaches
    75. INTRODUCTION
    76. LEARNING TO LOOK AROUND THE CORNER
    77. ENTERPRISE RISK MANAGEMENT SHOULD BE INVOLVED
    78. TWO STAPLE TOPICS—CHANGE AND INNOVATION
    79. USING TOOLS TO HELP IDENTIFY THE RISK AND UNCERTAINTY
    80. EMBRACING RISK AND ENCOURAGING INNOVATION
    81. INNOVATION PROCESSES
    82. INNOVATION ESSENTIALS
    83. A PORTFOLIO APPROACH TO INNOVATION
    84. STAGES OF INNOVATION
    85. TEST, NOT BET?
    86. BUSINESS MODEL INNOVATION
    87. THE IMPORTANCE OF RISK ASSESSMENTS IN INNOVATION
    88. CHANGING THE THINKING AND CONCLUSION
    89. REFERENCES
    90. ABOUT THE AUTHOR
    91. NOTES
    92. CHAPTER 15: Scenario Planning as an Enrichment of Enterprise Risk Management
    93. PURPOSE, SCOPE, AND PRACTICE OF SCENARIO PLANNING
    94. METHODS FOR SCENARIO DEVELOPMENT
    95. SCENARIO PLANNING, STRATEGIES, AND DECISIONS
    96. EMBEDDING SCENARIO PLANNING PRACTICE
    97. REFERENCES
    98. WEBSITES
    99. ABOUT THE AUTHOR
    100. NOTES
    101. CHAPTER 16: Unconscious Bias and Risk Management
    102. INTRODUCTION
    103. BIASES: CONSCIOUS VERSUS UNCONSCIOUS
    104. BIASES EXIST AT ALL LEVELS OF AN ORGANIZATION
    105. WHAT CAUSES COGNITIVE BIASES AND DECISION-MAKING ERRORS IN RISK MANAGEMENT?
    106. EVIDENTIARY BIASES
    107. DECISION-MAKING BIASES
    108. PROBABILITY BIASES
    109. REDUCING BIAS
    110. CONCLUSION
    111. REFERENCES
    112. ABOUT THE AUTHOR
    113. CHAPTER 17: Cognitive Bias
    114. INTRODUCTION
    115. STRATEGY 1: SLOW DOWN THINKING AND USE DETAILED RISK CRITERIA
    116. STRATEGY 2: BROADEN THE CONTEXT
    117. STRATEGY 3: USE PROBABILITY ESTIMATES CAUTIOUSLY
    118. STRATEGY 4: ENGINEERED INTERACTION
    119. CONCLUSION
    120. REFERENCES AND FURTHER READING
    121. ABOUT THE AUTHOR
  8. PART III: ERM Tools and Techniques
    1. CHAPTER 18: Risk Appetite and Tolerance in Competitive Strategy
    2. INTRODUCTION
    3. CONSIDERING RISK APPETITE AND TOLERANCE
    4. ABILITY TO TAKE RISK
    5. STRATEGY AND GOVERNANCE
    6. WILLINGNESS TO TAKE RISKS
    7. WHICH RISKS TO KEEP
    8. KEY ELEMENTS IN THE ARTICULATION OF THE RISK APPETITE AND TOLERANCE
    9. SUMMARY OF KEY ELEMENTS
    10. ABOUT THE AUTHORS
    11. NOTES
    12. CHAPTER 19: How to Plan and Run a Risk Management Workshop
    13. INTRODUCTION
    14. WHAT IS A RISK WORKSHOP?
    15. WHY USE WORKSHOPS?
    16. HOW TO CONDUCT A RISK WORKSHOP
    17. EXECUTION
    18. TECHNIQUES FOR PLANNING AND FACILITATING EFFECTIVE RISK WORKSHOPS
    19. CONCLUSION
    20. APPENDIX 19.A: FACILITATING ONLINE WORKSHOPS
    21. APPENDIX 19.B: “BLACK SWAN” WORKSHOPS
    22. REFERENCE
    23. ABOUT THE AUTHOR
    24. CHAPTER 20: How to Prepare a Risk Profile
    25. INTRODUCTION
    26. DEFINITION AND USES OF A CORPORATE RISK PROFILE
    27. HOW TO PREPARE A RISK PROFILE
    28. ADVANTAGES AND DISADVANTAGES OF INFORMATION-GATHERING METHODOLOGIES
    29. CONCLUSION
    30. REFERENCES
    31. ABOUT THE AUTHORS
    32. NOTES
    33. CHAPTER 21: How to Allocate Resources Based on Risk
    34. INTRODUCTION
    35. RISK POLICY AND A CENTER OF EXCELLENCE FOR RISK MANAGEMENT
    36. THE CONSEQUENCE DOMAIN
    37. RISK-BASED BUSINESS PROCESSES AND ORGANIZATIONAL CONSIDERATIONS
    38. CONCEPTS, METHODS, AND MODELS ENABLING RISK IDENTIFICATION, EVALUATION, MITIGATION, PRIORITIZATION, AND MANAGEMENT
    39. INFORMATION REQUIREMENTS AND CHALLENGES
    40. MEASURES OF EFFECTIVENESS FOR CONTINUOUS IMPROVEMENT
    41. CONCLUSION
    42. ABOUT THE AUTHOR
    43. NOTES
    44. CHAPTER 22: Quantitative Risk Assessment in ERM
    45. INTRODUCTION
    46. RISK ASSESSMENT: FOUR ALTERNATIVE APPROACHES
    47. AGGREGATING PROBABILITIES AND IMPACTS
    48. TOTAL CORPORATE RISK: AN ILLUSTRATION
    49. INCORPORATING RISK QUANTIFICATION IN THE BUSINESS PLANNING PROCESS
    50. SENSITIVITIES AND SCENARIOS
    51. CONCLUSION
    52. REFERENCES
    53. ABOUT THE AUTHOR
    54. NOTES
    55. CHAPTER 23: Risk Appetite
    56. INTRODUCTION
    57. CONTEXT AND PRINCIPLES
    58. METHODOLOGY
    59. DISCUSSION
    60. CONCLUSION
    61. REFERENCES
    62. ABOUT THE AUTHOR
    63. CHAPTER 24: Organizational Decision Making
    64. INTRODUCTION
    65. WHAT'S AT RISK?
    66. EVOLVING RISK DEFINITIONS
    67. THE BALANCING ACT
    68. DEFINING THE RISK APPETITE
    69. TARGET RISK APPETITE
    70. INTERPRETING THE RISK APPETITE
    71. OBJECTIVE DECISION-MAKING MODEL
    72. EMBEDDING THE RISK APPETITE INTO THE BENEFIT SCORE
    73. CONCLUSION
    74. REFERENCES
    75. ACKNOWLEDGMENTS
    76. ABOUT THE AUTHOR
    77. NOTES
    78. CHAPTER 25: The Challenges of and Solutions for Implementing Enterprise Risk Management*
    79. 1. THE IMPORTANCE OF ENTERPRISE RISK MANAGEMENT
    80. 2. THE CHALLENGES
    81. 3. THE SOLUTIONS
    82. 4. CONCLUSION
    83. REFERENCES
    84. ABOUT THE AUTHORS
    85. NOTE
  9. PART IV: Types of Risk
    1. CHAPTER 26: Market Risk Management and Common Elements with Credit Risk Management
    2. INTRODUCTION TO CREDIT RISK AND MARKET RISK
    3. RESPONDING TO CREDIT AND MARKET RISK
    4. MEASURING MARKET RISK
    5. MARKET RISK MANAGEMENT WITH FORWARD-TYPE PRODUCTS
    6. CONCLUSION
    7. REFERENCES
    8. ABOUT THE AUTHOR
    9. NOTES
    10. CHAPTER 27: Credit Risk Management
    11. CREDIT RISK ANALYSIS
    12. AN ANALYSIS OF THE 2007–2009 CREDIT CRISIS
    13. CONCLUSION
    14. REFERENCES
    15. ABOUT THE AUTHOR
    16. NOTES
    17. CHAPTER 28: Operational Risk Management
    18. INTRODUCTION
    19. WHAT IS OPERATIONAL RISK AND WHY SHOULD YOU CARE ABOUT IT?
    20. IS RISK ALL BAD?
    21. HOW DO YOU ASSESS OPERATIONAL RISKS, PARTICULARLY IN A DYNAMIC BUSINESS ENVIRONMENT?
    22. WHY YOU NEED TO DEFINE RISK TOLERANCE FOR ALIGNED DECISION MAKING
    23. WHAT CAN YOU DO TO EFFECTIVELY MANAGE OPERATIONAL RISK?
    24. HOW DO YOU ENCOURAGE A CULTURE OF RISK MANAGEMENT AT THE OPERATIONAL LEVEL?
    25. HOW DO YOU ALIGN OPERATIONAL RISK MANAGEMENT WITH ENTERPRISE RISK MANAGEMENT?
    26. CONCLUSION
    27. ABOUT THE AUTHOR
    28. NOTES
    29. CHAPTER 29: Managing Financial Risk and Its Interaction with Enterprise Risk Management
    30. INTRODUCTION
    31. WHAT IS FINANCIAL RISK AND HOW IS IT MANAGED?
    32. THEORETICAL UNDERPINNINGS OF FINANCIAL HEDGING AND EMPIRICAL FINDINGS
    33. INTERACTION OF FINANCIAL HEDGING WITH OTHER TYPES OF RISK MANAGEMENT
    34. WHAT CAN WE LEARN ABOUT ERM GIVEN OUR KNOWLEDGE OF FINANCIAL HEDGING?
    35. CONCLUSION
    36. REFERENCES
    37. ABOUT THE AUTHOR
    38. NOTES
    39. CHAPTER 30: Climate Change Risk
    40. INTRODUCTION
    41. THE CAUSES OF CLIMATE CHANGE
    42. THE EFFECTS OF CLIMATE CHANGE
    43. POSSIBLE GLOBAL SOLUTIONS
    44. IMPLICATIONS FOR ENTERPRISE RISK MANAGEMENT
    45. CONCLUSION
    46. APPENDIX
    47. REFERENCES
    48. ABOUT THE AUTHORS
    49. NOTES
    50. CHAPTER 31: Cybersecurity
    51. INTRODUCTION
    52. CYBERSECURITY IN THE ENTERPRISE: WHAT CAN GO WRONG?
    53. HOW TO PROTECT YOURSELF: A BEST EFFORTS APPROACH TO SECURING YOUR CRITICAL CYBER ASSETS
    54. CONCLUSION
    55. REFERENCES
    56. ABOUT THE AUTHORS
    57. NOTES
    58. CHAPTER 32: Foreign Exchange Risk Management
    59. INTRODUCTION
    60. CONCLUSION
    61. REFERENCES
    62. ABOUT THE AUTHORS
    63. NOTES
    64. CHAPTER 33: Risk Management and Outsourcing
    65. INTRODUCTION
    66. OBJECTIVES OF OUTSOURCING
    67. OUTSOURCING-RELATED RISKS
    68. MITIGATION APPROACHES
    69. CONCLUSION
    70. REFERENCES
    71. ABOUT THE AUTHOR
    72. NOTES
    73. CHAPTER 34: Leveraging ERM for Growth
    74. INTRODUCTION
    75. RETHINKING RISK THROUGH A GROWTH LENS
    76. THE UNREALIZED POTENTIAL OF ERM
    77. COMPONENTS OF INTEGRATING ERM INTO STRATEGIC DECISIONS
    78. CONCLUSION
    79. ACKNOWLEDGMENTS
    80. ABOUT THE AUTHOR
    81. NOTES
    82. CHAPTER 35: Commercial and D&O Insurance for Large Corporations
    83. INTRODUCTION
    84. THE KEY ORGANIZATIONAL RISKS (INSURED AND NOT INSURED)
    85. DIRECTORS AND OFFICERS INSURANCE
    86. SUMMARIZING INSURANCE DETAILS AND CLAIMS FOR BOARD OVERSIGHT PURPOSES
    87. ROLES AND RESPONSIBILITIES
    88. THE INSURANCE MARKETING PROCESS
    89. CONCLUSION
    90. APPENDIX 35.A: CHECKLIST OF KEY D&O INSURANCE POLICY EXTENSIONS
    91. APPENDIX 35.B: BROKER RESPONSIBILITIES, SAMPLE BROKER SERVICE AGREEMENT
    92. SUMMARY OF SERVICE
    93. APPENDIX 35.C: CHECKLIST—THE PROCESS FOR MARKETING LARGE INSURANCE PROGRAMS
    94. APPENDIX 35.D: DIRECTOR'S QUESTIONS
    95. ABOUT THE AUTHOR
    96. NOTES
    97. CHAPTER 36: Managing Risk Associated with Project Delivery
    98. INTRODUCTION
    99. THE MANY FACES OF RISK—BEFORE, DURING, AND AFTER
    100. MANAGING PROJECT RISK—IT'S A TEAM SPORT
    101. SOAR WITH THE EAGLES AND PECK WITH THE CHICKENS
    102. SCOPE, QUALITY, EFFORT, RISK, AND TIME (SQERT)
    103. DON'T FORGET ABOUT THE HUMANS
    104. FOLLOW THE LEADER
    105. DO A RISK WORKSHOP EARLY AND REVISIT
    106. APPROACHING THE FINISH LINE
    107. RISK DOES NOT DISAPPEAR AT GO-LIVE
    108. CONCLUSION
    109. REFERENCES
    110. ABOUT THE AUTHOR
  10. PART V: Special Topics and Case Studies
    1. CHAPTER 37: The Rise and Evolution of the Chief Risk Officer
    2. INTRODUCTION
    3. HYDRO ONE
    4. GETTING STARTED WITH ERM
    5. PROCESSES AND TOOLS
    6. CORPORATE RISK PROFILE
    7. QUANTIFYING THE UNQUANTIFIABLE
    8. BENEFITS OF ERM AND OUTCOMES AT HYDRO ONE
    9. CONCLUSION
    10. ABOUT THE AUTHORS
    11. NOTES
    12. CHAPTER 38: Enterprise Risk Management in the Public Sector
    13. INTRODUCTION
    14. FUNCTION OF THE DEPARTMENT'S RISK MANAGEMENT ORGANIZATION1
    15. ENTERPRISE RISK MANAGEMENT AT THE DEPARTMENT OF COMMERCE
    16. ATTRIBUTES OF AN ERM PROGRAM: USING THE SMART GOAL SYSTEM
    17. THE DEPARTMENT OF COMMERCE ERM AS A BEST PRACTICE
    18. CONCLUSION
    19. ABOUT THE AUTHOR
    20. NOTES
    21. CHAPTER 39: A Review of Academic Research on Enterprise Risk Management
    22. INTRODUCTION
    23. IDENTIFICATION OF FIRMS IMPLEMENTING ERM
    24. FIRM CHARACTERISTICS ASSOCIATED WITH ERM IMPLEMENTATION
    25. ERM AND FIRM PERFORMANCE
    26. CASE STUDIES ON ERM
    27. CONCLUSION
    28. REFERENCES
    29. ABOUT THE AUTHORS
    30. NOTES
    31. CHAPTER 40: Lessons from the Academy
    32. THE HIGHER EDUCATION ENVIRONMENT
    33. EMERGENCE OF ERM IN HIGHER EDUCATION
    34. ADOPTING AND IMPLEMENTING ERM IN COLLEGES AND UNIVERSITIES
    35. THE UNIVERSITY OF WASHINGTON: A JOURNEY OF DISCOVERY
    36. EVOLUTION OF ERM AT UW
    37. ERM STRUCTURE AT UW
    38. PRESIDENT'S ADVISORY COMMITTEE ON ERM (PACERM)
    39. UW'S ERM MODEL
    40. OUTCOMES AND LESSONS LEARNED
    41. WHAT NEXT? CURRENT PRIORITIES AND FUTURE DIRECTION
    42. CONCLUSION
    43. REFERENCES
    44. ABOUT THE AUTHOR
    45. NOTES
    46. CHAPTER 41: Enterprise Risk Management
    47. INTRODUCTION
    48. LESSONS FROM THE ERM PROCESS
    49. LESSONS FROM INTEGRATING ERM WITH ONGOING MANAGEMENT INITIATIVES
    50. SOME KEY VALUE LESSONS FROM ERM
    51. CONCLUSION
    52. REFERENCES
    53. FURTHER READING
    54. ABOUT THE AUTHORS
    55. NOTES
    56. CHAPTER 42: Financial Reporting and Disclosure Risk Management
    57. THE IMPORTANCE OF DISCLOSURE MANAGEMENT AND ERM
    58. FOUNDATIONS IN THE UNITED STATES
    59. DISCLOSURE AND SARBANES-OXLEY
    60. IMPORTANT SOX SECTIONS
    61. OTHER FINANCIAL REPORTING
    62. RE-EXAMINING FAIR VALUE ACCOUNTING (ASC 820): THE DEBATE RETURNS
    63. RISK IDENTIFICATION, MONITORING, AND REPORTING
    64. FINANCIAL REPORTING CHALLENGES TODAY
    65. CONCLUSION
    66. REFERENCES
    67. ABOUT THE AUTHOR
    68. NOTES
    69. CHAPTER 43: Directors and Risk
    70. INTRODUCTION
    71. ROLE OF THE BOARD OF DIRECTORS AND DIRECTORS IN GENERAL
    72. RISK MANAGEMENT
    73. METHODOLOGY
    74. RESULTS
    75. DISCUSSION
    76. CONCLUSION
    77. APPENDIX 43.A
    78. REFERENCES
    79. ABOUT THE AUTHORS
  11. Index
  12. End User License Agreement
3.237.178.126