Implementing Enterprise Risk Management – Case Studies and Best Practices
Case Studies and Best Practices
Gebonden Engels 2014 9781118691960Samenvatting
Overcome ERM implementation challenges by taking cues from leading global organizations
Implementing Enterprise Risk Management is a practical guide to establishing an effective ERM system by applying best practices at a granular level. Case studies of leading organizations including Mars, Statoil, LEGO, British Columbia Lottery Corporation, and Astro illustrate the real–world implementation of ERM on a macro level, while also addressing how ERM informs the response to specific incidents. Readers will learn how top companies are effectively constructing ERM systems to positively drive financial growth and manage operational and outside risk factors. By addressing the challenges of adopting ERM in large organizations with different functioning silos and well–established processes, this guide provides expert insight into fitting the new framework into cultures resistant to change.
Enterprise risk management covers accidental losses as well as financial, strategic, operational, and other risks. Recent economic and financial market volatility has fueled a heightened interest in ERM, and regulators and investors have begun to scrutinize companies′ risk–management policies and procedures. Implementing Enterprise Risk Management provides clear, demonstrative instruction on establishing a strong, effective system. Readers will learn to:
Put the right people in the right places to build a strong ERM framework
Establish an ERM system in the face of cultural, logistical, and historical challenges
Create a common language and reporting system for communicating key risk indicators
Create a risk–aware culture without discouraging beneficial risk–taking behaviors
ERM is a complex endeavor, requiring expert planning, organization, and leadership, with the goal of steering a company′s activities in a direction that minimizes the effects of risk on financial value and performance. Corporate boards are increasingly required to review and report on the adequacy of ERM in the organizations they administer, and Implementing Enterprise Risk Management offers operative guidance for creating a program that will pass muster.
Specificaties
Lezersrecensies
Inhoudsopgave
<p>1 Enterprise Risk Management Case Studies: An Introduction and Overview 1<br /> John R.S. Fraser, Betty J. Simkins, and Kristina Narvaez</p>
<p>PART I Overview and Insights for Teaching ERM 17</p>
<p>2 An Innovative Method to Teaching Enterprise Risk Management: A Learner–Centered Teaching Approach 19<br /> David R. Lange and Betty J. Simkins</p>
<p>PART II ERM Implementation at Leading Organizations 37</p>
<p>3 ERM at Mars, Incorporated: ERM for Strategy and Operations 39<br /> Larry Warner</p>
<p>4 Value and Risk: Enterprise Risk Management at Statoil 59<br /> Alf Alviniussen and H¢ªakan Jankensgård</p>
<p>5 ERM in Practice at the University of California Health System 75<br /> Grace Crickette</p>
<p>6 Strategic Risk Management at the LEGO Group: Integrating Strategy and Risk Management 93<br /> Mark L. Frigo and Hans Læssøe</p>
<p>7 Turning the Organizational Pyramid Upside Down: Ten Years of Evolution in Enterprise Risk Management at United Grain Growers 107<br /> John Bugalla</p>
<p>8 Housing Association Case Study of ERM in a Changing Marketplace 119<br /> John Hargreaves</p>
<p>9 Lessons from the Academy: ERM Implementation in the University Setting 143<br /> Anne E. Lundquist</p>
<p>10 Developing Accountability in Risk Management: The British Columbia Lottery Corporation Case Study 179<br /> Jacquetta C. M. Goy</p>
<p>11 Starting from Scratch: The Evolution of ERM at the Workers Compensation Fund 207<br /> Dan M. Hair</p>
<p>12 Measuring Performance at Intuit: A Value–Added Component in ERM Programs 227<br /> Janet Nasburg</p>
<p>13 TD Bank s Approach to an Enterprise Risk Management Program 241<br /> Paul Cunha and Kristina Narvaez</p>
<p>PART III Linking ERM to Strategy and Strategic Risk Management 251</p>
<p>14 A Strategic Approach to Enterprise Risk Management at Zurich Insurance Group 253<br /> Linda Conrad and Kristina Narvaez</p>
<p>15 Embedding ERM into Strategic Planning at the City of Edmonton 281<br /> Ken Baker</p>
<p>16 Leveraging ERM to Practice Strategic Risk Management 305<br /> John Bugalla and James Kallman</p>
<p>PART IV Specialized Aspects of Risk Management 319</p>
<p>17 Developing a Strategic Risk Plan for the Hope City Police Service 321<br /> Andrew Graham</p>
<p>18 BlueWood Chocolates 335<br /> Stephen McPhie and Rick Nason</p>
<p>19 Kilgore Custom Milling 363<br /> Rick Nason and Stephen McPhie</p>
<p>20 Implementing Risk Management within Middle Eastern Oil and Gas Companies 377<br /> Alexander Larsen</p>
<p>21 The Role of Root Cause Analysis in Public Safety ERM Programs 397<br /> Andrew Bent</p>
<p>22 JAA Inc. A Case Study in Creating Value from Uncertainty: Best Practices in Managing Risk 427<br /> Julian du Plessis, Arnold Schanfield, and Alpaslan Menevse</p>
<p>23 Control Complacency: Rogue Trading at Société Générale 461<br /> Steve Lindo</p>
<p>24 The Role of VaR in Enterprise Risk Management: Calculating Value at Risk for Portfolios Held by the Vane Mallory Investment Bank 489<br /> Allissa A. Lee and Betty J. Simkins</p>
<p>25 Uses of Efficient Frontier Analysis in Strategic Risk Management: A Technical Examination 501<br /> Ward Ching and Loren Nickel</p>
<p>PART V Mini–Cases on ERM and Risk 523</p>
<p>26 Bim Consultants Inc. 525<br /> John R.S. Fraser</p>
<p>27 Nerds Galore 529<br /> Rob Quail</p>
<p>28 The Reluctant General Counsel 535<br /> Norman D. Marks</p>
<p>29 Transforming Risk Management at Akawini Copper 539<br /> Grant Purdy</p>
<p>30 Alleged Corruption at Chessfield: Corporate Governance and the Risk Oversight Role of the Board of Directors 547<br /> Richard Leblanc</p>
<p>31 Operational Risk Management Case Study: Bon Boulangerie 555<br /> Diana Del Bel Belluz</p>
<p>PART VI Other Case Studies 559</p>
<p>32 Constructive Dialogue and ERM: Lessons from the Financial Crisis 561<br /> Thomas H. Stanton</p>
<p>33 Challenges and Obstacles of ERM Implementation in Poland 577<br /> Zbigniew Krysiak and S .lawomir Pijanowski</p>
<p>34 Turning Crisis into Opportunity: Building an ERM Program at General Motors 607<br /> Marc S. Robinson, Lisa M. Smith, and Brian D. Thelen</p>
<p>35 ERM at Malaysia s Media Company Astro: Quickly Implementing ERM and Using It to Assess the Risk–Adjusted Performance of a Portfolio of Acquired Foreign Companies 623<br /> Patrick Adam K. Abdullah and Ghislain Giroux Dufort</p>
<p>About the Editors 649</p>
<p>Index 651</p>
Anderen die dit kochten, kochten ook
-
Tom Berkhout€ 97,95 -
Corné Kimenai€ 127,00
-
Gerard van Santen€ 150,50
-
Barbara Majoor€ 64,95
-
Barbara Majoor€ 74,95
-
Richard Brealey€ 93,94
Rubrieken
- advisering
- algemeen management
- coaching en trainen
- communicatie en media
- economie
- financieel management
- inkoop en logistiek
- internet en social media
- it-management / ict
- juridisch
- leiderschap
- marketing
- mens en maatschappij
- non-profit
- ondernemen
- organisatiekunde
- personal finance
- personeelsmanagement
- persoonlijke effectiviteit
- projectmanagement
- psychologie
- reclame en verkoop
- strategisch management
- verandermanagement
- werk en loopbaan