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Corporate Value of Enterprise Risk Management: The Next Step in Business Management

Corporate Value of Enterprise Risk Management: The Next Step in Business Management

Sim Segal

ISBN: 978-1-118-02330-3

Feb 2011

432 pages

$81.99

Description

The ultimate guide to maximizing shareholder value through ERM

The first book to introduce an emerging approach synthesizing ERM and value-based management, Corporate Value of Enterprise Risk Management clarifies ERM as a strategic business management approach that enhances strategic planning and other decision-making processes.

  • A hot topic in the wake of a series of corporate scandals as well as the financial crisis
  • Looks at ERM as a way to deliver on the promise of balancing risk and return
  • A practical guide for corporate Chief Risk Officers (CROs) and other business professionals seeking to successfully implement ERM

ERM is here to stay. Sharing his unique insights and experiences as a recognized global thought leader in this field, author Sim Segal offers world-class guidance on how your business can successfully implement ERM to protect and increase shareholder value.

Foreword.

Preface.

Acknowledgments.

Part I: ERM Basics and Infrastructure.

Chapter 1: Introduction.

Evolution of ERM.

Basel Accords.

September 11th.

Corporate Accounting Fraud.

Hurricane Katrina.

Rating Agency Scrutiny.

Financial Crisis.

Rare Events.

Long-Term Trends.

Challenges to ERM.

Summary.

Notes.

Chapter 2: Defining ERM.

Definition of Risk.

Definition of ERM.

Summary.

Notes.

Chapter 3: ERM Framework.

Value-Based ERM Framework.

Challenges of Traditional ERM Frameworks.

Value-Based ERM Framework.

Overcoming the Challenges with a Value-Based ERM Framework.

Summary.

Notes.

Part II: ERM Process Cycle.

Chapter 4: Risk Identification.

Components of Risk Identification.

Five Keys to Successful Risk Identification.

Risk Categorization and Definition.

Qualitative Risk Assessment.

Emerging Risk Identification.

Killer Risks.

Summary.

Notes.

Chapter 5: Risk Quantification.

Practical Modeling.

Components of Risk Quantification.

Calculate Baseline Company Value.

Quantify Individual Risk Exposures.

Quantify Enterprise Risk Exposure.

Summary.

Notes.

Chapter 6: Risk Decision-Making.

Defining Risk Appetite and Risk Limits.

Integrating ERM into Decision-Making.

Summary.

Notes.

Chapter 7: Risk Messaging.

Internal Risk Messaging.

External Risk Messaging.

Summary.

Notes.

Part III: Risk Governance and Other Topics.

Chapter 8: Risk Governance.

Focusing on Common Themes.

Components of Risk Governance.

Roles and Responsibilities.

Organizational Structure.

Policies and Procedures.

Summary.

Notes.

Chapter 9: Financial Crisis Case Study.

Summary of the Financial Crisis.

Evaluating Bank Risk Management Practices.

Summary.

Notes.

Chapter 10: ERM for Non-Corporate Entities.

Generalizing the Value-Based ERM Approach.

Complexities of Objectives-Based ERM.

Examples of NCEs.

Summary.

Conclusion.

Notes.

Glossary.

About the Author.

Index.