1st Edition
by John R. S. Fraser (Editor), Betty Simkins (Editor)
Essential insights on the various aspects of enterprise risk management
If
you want to understand enterprise risk management from some of the
leading academics and practitioners of this exciting new methodology, Enterprise Risk Management
is the book for you. Through in-depth insights into what practitioners
of this evolving business practice are actually doing as well as
anticipating what needs to be taught on the topic, John Fraser and Betty
Simkins have sought out the leading experts in this field to clearly
explain what enterprise risk management is and how you can teach, learn,
and implement these leading practices within the context of your
business activities. In this book, the authors take a broad view of ERM,
or what is called a holistic approach to ERM.
Enterprise Risk Management
introduces you to the wide range of concepts and techniques for
managing risk in a holistic way that correctly identifies risks and
prioritizes the appropriate responses. This invaluable guide offers a
broad overview of the different types of techniques: the role of the
board, risk tolerances, risk profiles, risk workshops, and allocation of
resources, while focusing on the principles that determine business
success. This comprehensive resource also provides a thorough
introduction to enterprise risk management as it relates to credit,
market, and operational risk, as well as the evolving requirements of
the rating agencies and their importance to the overall risk management
in a corporate setting. Filled with helpful tables and charts, Enterprise Risk Management
offers a wealth of knowledge on the drivers, the techniques, the
benefits, as well as the pitfalls to avoid, in successfully implementing
enterprise risk management.
- Discusses the history of risk
management and more recently developed enterprise risk management
practices and how you can prudently implement these techniques within
the context of your underlying business activities
- Provides
coverage of topics such as the role of the chief risk officer, the use
of anonymous voting technology, and risk indicators and their role in
risk management
- Explores the culture and practices of
enterprise risk management without getting bogged down by the
mathematics surrounding the more conventional approaches to financial
risk management
This informative guide will help you
unlock the incredible potential of enterprise risk management, which has
been described as a proxy for good management.
