Corporate Value of Enterprise Risk Management - 9780470882542

While enterprise risk management (ERM) programs have a great deal of potential, traditional ERM approaches often struggle to generate sufficient buy-in from internal stakeholders. Corporate Value of Enterprise Risk Management responds to this challenge with a value-based ERM approach that transforms ERM into a strategic management process that enhances strategic planning and other business decision making.

Demystifying the complex and wide-ranging topic of ERM, this practical guide is informed by the author's twenty-five years of professional experience in this arena and introduces 10 key ERM criteria as a foundational element to evaluate the robustness of any ERM program.

Filled with case studies illustrating key elements of the value-based ERM approach, this insightful book reveals:

-Secrets to quantifying all types of risks, whether strategic, operational, or financial

-What risk appetite is, how to clearly define it, and how to quantify it for use in the risk governance process

-How to integrate ERM information into decision-making processes

-Techniques to avoid the five common mistakes in risk identification

-How to apply ERM to nonprofit organizations, government bodies, and individuals

Disastrous events both man-made and natural, as well as pressures from shareholders, bondholders, directors, rating agencies, and regulators have raised management's awareness of the need for an integrated approach to managing risk. With an important chapter evaluating bank risk management practices in light of the financial crisis that began in the United States in 2007, Corporate Value of Enterprise Risk Management provides timely direction for the risks your organization faces.