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Enterprise Risk Management: Today's Leading Research and Best Practices for Tomorrow's Executives, 2nd Edition

Enterprise Risk Management: Today's Leading Research and Best Practices for Tomorrow's Executives, 2nd Edition

Author: John Fraser ; Betty Simkins
Publisher: John Wiley & Sons
ISBN: 9781119741480
Published In: June 2021
Format: Hardback , 600 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: HKD 1,000.00

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Unlock the incredible potential of enterprise risk management

There has been much evolution in terms of ERM best practices, experience, and standards and regulation over the past decade. Enterprise Risk Management: Today’s Leading Research and Best Practices for Tomorrow’s Executives, Second Edition is the revised and updated essential guide to the now immensely popular topic of enterprise risk management (ERM). With contributions from leading academics and practitioners, this book offers insights into what practitioners are doing and what the future holds. You’ll discover how you can implement best practices, improve ERM tools and techniques, and even learn to teach ERM. Retaining the holistic approach to ERM that made the first edition such a success, this new edition adds coverage of new topics including cybersecurity risk, ERM in government, foreign exchange risk, risk appetite, innovation risk, outsourcing risk, scenario planning, climate change risk, and much more. In addition, the new edition includes important updates and enhancements to topics covered in the first edition; so much of it has been revised and enhanced that it is essentially an entirely new book.

Enterprise Risk Management introduces you to the concepts and techniques that allow you to identify risks and prioritize the appropriate responses. This invaluable guide offers a broad overview, covering key issues while focusing on the principles that drive effective decision making and determine business success. This comprehensive resource also provides a thorough introduction to ERM as it relates to credit, market, and operational risk, as well as the evolving requirements of the board of directors’ role in overseeing ERM.

Through the comprehensive chapters and leading research and best practices covered, this book:
- Provides a holistic overview of key topics in ERM, including the role of the chief risk officer, development and use of key risk indicators and the risk-based allocation of resources
- Contains second-edition updates covering additional material related to teaching ERM, risk frameworks, risk culture, credit and market risk, risk workshops and risk profiles and much more. Over 90% of the content from the first edition has been revised or enhanced
- Reveals how you can prudently apply ERM best practices within the context of your underlying business activities
Filled with helpful examples, tables, and illustrations, Enterprise Risk Management, Second Edition offers a wealth of knowledge on the drivers, the techniques, the benefits, as well as the pitfalls to avoid, in successfully implementing ERM.
Foreword by Robert S. Kaplan.
Part I: Overview.

Chapter One: Enterprise Risk Management: An Introduction and Overview.

Chapter Two: A Brief History of Risk Management.

Chapter Three: ERM and Its Role in Strategic Planning and Strategy Execution.

Chapter Four: The Role of the Board of Directors and Senior Management in Enterprise Risk Management.

Part II: ERM Management, Culture and Control.

Chapter Five: Becoming the Lamp Bearer: The Emerging Roles of the Chief Risk Officer.

Chapter Six: Creating A Risk Aware Culture.

Chapter Seven: ERM Frameworks.

Chapter Eight: Identifying and Communicating Key Risk Indicators.

Part III: ERM Tools and Techniques.

Chapter Nine: How to Create and Use Corporate Risk Tolerance.

Chapter Ten: How to Plan and Run a Risk Management Workshop.

Chapter Eleven: How to Prepare a Risk Profile.

Chapter Twelve: How to Allocate Resources Based on Risk.

Chapter Thirteen: Quantitative Risk Assessment in ERM.

Part IV: Types of Risk.

Chapter Fourteen: Market Risk Management and Common Elements with Credit Risk Management.

Chapter Fifteen: Credit Risk Management.

Chapter Sixteen: Operational Risk Management Chapter.

Chapter Seventeen: Risk Management: Techniques in Search of a Strategy.

Chapter Eighteen: Managing Financial Risk and its Interaction with Enterprise Risk Management.

Chapter Nineteen: Bank Capital Regulation and Enterprise Risk Management.

Chapter Twenty: Legal Risk Post SOX and the Subprime Fiasco: Back to the Drawing Board.

Chapter Twenty One: Financial Reporting and Disclosure Risk Management.

Part V: Survey Evidence and Academic Research.

Chapter Twenty Two: Who Reads What Most Often? A Survey of Enterprise Risk Management Literature Read by Risk Executives.

Chapter Twenty Three: Academic Research on Enterprise Risk Management.

Chapter Twenty Four: Enterprise Risk Management: Lessons from the Field.

Part VI: Special Topics and Case Studies.

Chapter Twenty Five: Rating Agencies Impact on Enterprise Risk Management.

Chapter Twenty Six: Enterprise Risk Management: Current Initiatives and Issues.

Chapter Twenty Seven: Establishing ERM Systems in Emerging Countries.

Chapter Twenty Eight: The Rise and Evolution of the Chief Risk Officer: Enterprise Risk Management at Hydro One.

Conclusion.

Endnotes.

About the Authors.

Index.
John Fraser is the Vice President, Internal Audit, and Chief Risk Officer of Hydro One Networks Inc. He is an Ontario and Canadian Chartered Accountant, a Fellow of the Association of Chartered Certified Accountants (U.K.), a Certified Internal Auditor, and a Certified Information Systems Auditor. Fraser has more than 30 years' experience in the risk and control field, mostly in the financial services sector. He is currently the Chair of the Advisory Committee of the Conference Board of Canada's Strategic Risk Council and a Practitioner Associate Editor of the Journal of Applied Finance.

Betty J. Simkins, PhD, is the Williams Companies Professor of Business and Professor of Finance at Oklahoma State University. She has published more than 40 journal articles and book chapters. Many of these articles are on the topics of risk management and enterprise risk management. Simkins is also active in the finance profession and currently serves on the board of directors for the Financial Management Association, as co-editor of the Journal of Applied Finance, as Executive Editor of FMA Online, and as past president of the Eastern Finance Association. Prior to entering academia, she worked for ConocoPhillips and Williams Companies.