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Informationen zum Autor JAMES LAM is president of James Lam & Associates, a risk management consulting firm. He serves on the board of directors of E*TRADE Financial and chairs the Risk Oversight Committee. An NACD Board Leadership Fellow, he is author of the bestselling risk management title, Enterprise Risk Management . Klappentext A practical, real-world guide for implementing enterprise risk management (ERM) programs into your organizationEnterprise risk management (ERM) is a complex yet critical issue that all companies must deal with in the twenty-first century. Failure to properly manage risk continues to plague corporations around the world. ERM empowers risk professionals to balance risks with rewards and balance people with processes.But to master the numerous aspects of enterprise risk management, you must integrate it into the culture and operations of the business. No one knows this better than risk management expert James Lam, and now, with Implementing Enterprise Risk Management: From Methods to Applications, he distills more than thirty years' worth of experience in the field to give risk professionals a clear understanding of how to implement an enterprise risk management program for every business.* Offers valuable insights on solving real-world business problems using ERM* Effectively addresses how to develop specific ERM tools* Contains a significant number of case studies to help with practical implementation of an ERM programWhile Enterprise Risk Management: From Incentives to Controls, Second Edition focuses on the "what" of ERM, Implementing Enterprise Risk Management: From Methods to Applications will help you focus on the "how." Together, these two resources can help you meet the enterprise-wide risk management challenge head on--and succeed. Zusammenfassung A practical, real-world guide for implementing enterprise risk management (ERM) programs into your organization Enterprise risk management (ERM) is a complex yet critical issue that all companies must deal with in the twenty-first century. Failure to properly manage risk continues to plague corporations around the world. Inhaltsverzeichnis Preface xiii Acknowledgments xix Part One ERM in Context Chapter 1 Fundamental Concepts and Current State 3 Introduction 3 What Is Risk? 4 What Does Risk Look Like? 8 Enterprise Risk Management (ERM) 11 The Case for ERM 13 Where ERM Is Now 18 Where ERM Is Headed 19 Notes 20 Chapter 2 Key Trends and Developments 21 Introduction 21 Lessons Learned from the Financial Crisis 21 The Wheel of Misfortune Revisited 26 Global Adoption 34 Notes 37 Chapter 3 Performance-Based Continuous ERM 41 Introduction 41 Phase Three: Creating Shareholder Value 43 Performance-Based Continuous ERM 44 Case Study: Legacy Technology 56 Notes 59 Chapter 4 Stakeholder Requirements 61 Introduction 61 Stakeholders Defined 62 Managing Stakeholder Value with ERM 79 Implementing a Stakeholder Management Program 80 Appendix A: Reputational Risk Policy 83 Notes 87 Part Two Implementing an ERM Program Chapter 5 The ERM Project 93 Introduction 93 Barriers to Change 93 Establish the Vision 95 Obtain Buy-In from Internal Stakeholders 97 Assess Current Capabilities against Best Practices 100 Develop a Roadmap 104 Appendix A: ERM Maturity Model 108 Appendix B: Practical Plan for ERM Program Implementation 111 Chapter 6 Risk Culture 115 Introduction 115 Risk Culture Success Factors 117 Best Practice: Risk Escalation 130 Conclusion 130 Notes 131 Chapter 7 The ERM Framework 132 Introduction 132
