"Lehman's Risk Management Strategy May Have Caused the Problems" When Lehman Brothers Holdings Inc. (LEH) announced a third-quarter loss of $3.9 billion earlier this week ... September 12, 2008 - Martin Hutchinson - MoneyMorning.com [more]
"Survival in the Age of Risk" There is danger all around, judging by companies’ heightened focus on managing risk. ... August 13, 2008 - Marshal Krantz - CFO.com [more]
"So who really needs ERM?" Prioritized, focused plans are essential to successfully mitigate risks. ... July 14, 2008 - John J. Hampton [more]
"The Top 10 Enterprise Risk-Management Myths" To address Sarbanes-Oxley compliance, many companies put in place technology platforms that now support a variety of risk and compliance initiatives. ... July 14, 2008 - Gordon Burnes [more]
"Enterprises See Need for Board-Level Risk Committees" National Penn Bancshares has found significant value in its risk committee over the last two years. One issue that recently arose was whether ... June 26, 2008 - William Atkinson [more]
"Risk Center - May 29: Operational Risk - Survey Shows Need for Internal Auditors to Improve Skills in Risk Management" Protiviti Inc. has released the results of its second annual survey of internal audit professionals and their competencies in key knowledge areas. ... Thursday, May 29, 2008 - Kevin Donahue [more]
"Risk Center - May 15: Market Risk - ERM Identified as Critical Issue for Life Insurance CFOs" Chief financial officers (CFOs) of life insurance companies continue to recognize enterprise risk management (ERM) as a critical management issue ... Thursday, May 15, 2008 - Michael McNamara [more]
"Towers Perrin - S&P Unveils New ERM Rating Criteria" Nearly six months after floating the idea of new enterprise risk management (ERM) rating criteria, Standard & Poor’s has dropped the second shoe: Beginning in the third quarter, the rating agency will apply enterprise risk analysis to corporate ratings. ... Towers Perrin - May 2008 [more]
"S&P - Standard & Poor's Will Implement Enterprise Risk Analysis In Corporate Ratings, Report Says" In a report published today,
Standard & Poor's Ratings Services announced that it will enhance its credit ratings process for nonfinancial companies through an enterprise risk management (ERM) review. The report, titled "Standard & Poor’s To Apply Enterprise Risk Analysis To Corporate Ratings," is available on RatingsDirect ... NEW YORK (Standard & Poor's) May 7, 2008 [more]
"Credit Risk - Study Shows Business Leaders Appeared Confident in Ability to Manage Risk as Credit Crisis Loomed" Just as the current credit crisis and related economic issues began to emerge in the third quarter of last year, senior executives felt very confident about their ability to manage risk and opportunity ... RiskCenter.com, March 17, 2008 [more]
"Beaumont's Bonus Column: Standard and Not-So-Poor--S&P Takes the Plunge" In case you missed the announcement, Standard & Poor's finally officially announced that it is going to start considering the ERM efforts of companies in all of its risk ratings. I'll pause a moment here to let that sink in. . Risk & Insurance, March 7, 2008 [more]
"Industry Risk - S&P Digging Into Enterprise Risk Management" After a few weeks of intense scrutiny regarding its role in the catastrophic US real estate collapse, Standard & Poor's is refusing to hold off on its long-discussed plan to investigate the enterprise risk management (ERM) workings at non-financial firms. . Riskcenter.com, March 5, 2008 [more]
"Audit Busters" Not every management is throwing up its hands and assuming they will not see savings from AS5 this year. Alfa Corp. has installed a new ERM solution with which it will go to battle with any auditor who challenges Alfa's ability to quantify and prioritize risk. Treasury & Risk, Feb 2008 [more]
"Finally, a Clear Business Connection" Companies are starting to see the need to bring ERM into their business reporting. Treasury & Risk Feb 2008 [more]
Business Insurance.com John Hampton discusses governance as a start for ERM. [more]
John Hampton on 40 years of risk management. [more]
Read John Hampton's interview with Susan Meltzer, assistant vp of risk management for Aviva Canada Inc. in Toronto. [more]
Read John Hampton's interview with George Niwa, the risk manager for Panasonic in Japan. [more]
Read John Hampton's presentation made at the sixth International Risk Management Conference 2006 in Singapore, sponsored by the Federation of Asian, Pacific & African Risk Management Organizations. [more]
Read John Hampton's inteview with Roger Egan of Integro. [more]
Read John Hampton's article with Vladimir A. Gamza and Valery Vyatkin as they tackle the need for building a modern approach to risk management in Russia. [more]
Read John Hampton's interview with Lance Ewing of Harrah's. [more]
Read John Hampton's interview with John Bayeux of Willis Risk Solutions on the proposal for dual positions of a chief strategy officer and non-financial chief risk officer. [more]
Christopher Mandel of USAA's proposal of dual positions of a chief strategy officer and non-financial chief risk officer. [more]
Interview with Paul Winston of Business Insurance about finding a discussion of ERM in a recent meeting of business school deans. [more]
A discussion of the role of "Push" and "Pull" [more]
Interview with Paul Buckley of Tyco International (US). [more]
"Keeping Close Tabs on Risk Pays Off
Risk assessment is an ongoing process." A manufacturer fully reaps the benefits of risk assessment when it regularly updates its evaluations. A plastics manufacturer, for example, identified that external oil markets created an economic risk that would cause the cost of production to rise 20% within that annual period. By Alyssa G. Martin, Executive partner, Risk Advisory Services,
Weaver and Tidwell Feb 11. 2008 [more]