ERM

Value Addition Through Enterprise Risk Management

Written By: Sonjai Kumar This article discusses the role of enterprise risk management in creating and protecting the shareholder’s value in an organization as opposed to the traditional view of protecting the down side risk. The objective of risk management is not…

The High Cost of “ERM Herd Mentality”

By: Tim J. Leech Enterprise Risk Management (“ERM”) as a movement has been around for more than a decade. Unfortunately, a 2010 COSO survey disclosed that only limited progress has been made convincing senior management and boards that ERM is…

ERM New Year’s Resolutions

By: ericholmquist Ok, honestly I hate resolutions, I really do. Gyms love them, I hate them. The last resolution I made was not to make any more resolutions. Ironically, I’m going to break that resolution. The fact is that enterprise…

Walking on Shifting Sand ERM in the Age of Uncertainty

By: Geary Sikich Governments and companies worldwide are emerging from the current financial crisis and subsequent recession. While governments are crafting new regulations, businesses around the world are walking in shifting sand as risk exposures are high and new regulations…

Silos Belong on Farms, Not in Banks

By: Amy Downey & Amy Fields Many banks still manage risks—compliance, operational and financial—separately in silos throughout various departments and operating entities across their organization. In doing so, upper management is not only left open to unforeseen threats and potential…

ERM & the Compliance Professional

By: Denise Tessier Enterprise risk management (ERM) has become one of the most important and valuable management tools for insurance companies. Increased focus on ERM by regulators, auditing firms, and rating agencies has heightened pressure on carriers to adopt robust…