Your business reputation can take years to build--and mere
minutes to destroy
The range of business threats is evolving rapidly but your
organization can thrive and gain a competitive advantage with your
business vision for enterprise risk management. Trends affecting
markets--events in the global financial markets, changing
technologies, environmental priorities, dependency on intellectual
property--all underline how important it is to keep up to
speed on the latest financial risk management practices and
procedures.
This popular book on enterprise risk management has been
expanded and updated to include new themes and current trends for
today's risk practitioner. It features up-to-date materials on new
threats, lessons from the recent financial crisis, and how
businesses need to protect themselves in terms of business
interruption, security, project and reputational risk
management.
Project risk management is now a mature discipline with an
international standard for its implementation. This book reinforces
that project risk management needs to be systematic, but also that
it must be embedded to become part of an organization's DNA. This
book promotes techniques that will help you implement a methodical
and broad approach to risk management.
* The author is a well-known expert and boasts a wealth of
experience in project and enterprise risk management
* Easy-to-navigate structure breaks down the risk management
process into stages to aid implementation
* Examines the external influences that bring sources of business
risk that are beyond your control
* Provides a handy chapter with tips for commissioning
consultants for business risk management services
It is a business imperative to have a clear vision for risk
management. Simple Tools and Techniques for Enterprise Risk
Management, Second Edition shows you the way.
Autorentext
About the author
ROBERT J. CHAPMAN is the Director of Risk Management in the Middle East for AECOM, a publicly traded company on the New York Stock Exchange, and listed on the Fortune 500 as one of America's largest companies. Prior to this he held the position of Director of Risk Management at a number of European companies and has provided risk management consultancy services in Holland, Ireland, South Africa, Qatar, England and the UAE to companies within the pharmaceutical, aviation, marine, rail, broadcast, heritage, health, education, manufacturing, water, sport, oil and gas, property development, construction and media sectors. He was made a Fellow of both the Institute of Risk Management (UK) and the Association for Project Management (UK) for his contribution to the development of the discipline of risk management. He has provided guidance to the Chartered Institute of Accountants in England and Wales in the form of a risk management handbook and was a co-author of Management of Risk: Guidance for Practitioners published by the Office of Government Commerce and Managing Business Risk published by Kogan Page. He has had articles on the subject of risk management published in three languages and has a PhD in risk management.
Zusammenfassung
Your business reputation can take years to buildand mere minutes to destroy
The range of business threats is evolving rapidly but your organization can thrive and gain a competitive advantage with your business vision for enterprise risk management. Trends affecting marketsevents in the global financial markets, changing technologies, environmental priorities, dependency on intellectual propertyall underline how important it is to keep up to speed on the latest financial risk management practices and procedures.
This popular book on enterprise risk management has been expanded and updated to include new themes and current trends for today's risk practitioner. It features up-to-date materials on new threats, lessons from the recent financial crisis, and how businesses need to protect themselves in terms of business interruption, security, project and reputational risk management.
Project risk management is now a mature discipline with an international standard for its implementation. This book reinforces that project risk management needs to be systematic, but also that it must be embedded to become part of an organization's DNA. This book promotes techniques that will help you implement a methodical and broad approach to risk management.
- The author is a well-known expert and boasts a wealth of experience in project and enterprise risk management
- Easy-to-navigate structure breaks down the risk management process into stages to aid implementation
- Examines the external influences that bring sources of business risk that are beyond your control
- Provides a handy chapter with tips for commissioning consultants for business risk management services
It is a business imperative to have a clear vision for risk management. Simple Tools and Techniques for Enterprise Risk Management, Second Edition shows you the way.
Inhalt
List of Figures xxvii
Preface to the Second Edition xxxi
Acknowledgements xxxv
About the Author xxxvii
Part I Enterprise Risk Management In Context 1
1 Introduction 3
1.1 Risk Diversity 4
1.2 Approach to Risk Management 5
1.3 Business Growth Through Risk Taking 5
1.4 Risk and Opportunity 6
1.5 The Role of the Board 7
1.6 Primary Business Objective (or Goal) 8
1.7 What is Enterprise Risk Management? 9
1.8 Benefits of Enterprise Risk Management 10
1.9 Structure 12
1.9.1 Corporate Governance 12
1.9.2 Internal Control 13
1.9.3 Implementation 14
1.9.4 Risk Management Framework 14
1.9.5 Risk Management Policy 15
1.9.6 Risk Management Process 15
1.9.7 Sources of Risk 16
1.10 Summary 16
1.11 References 16
2 Developments in Corporate Governance in the UK 19
2.1 Investor Unrest 19
2.2 The Problem of Agency 20
2.3 The Cadbury Committee 21
2.4 The Greenbury Report 23
2.5 The Hampel Committee and the Combined Code of 1998 23
2.6 Smith Guidance on Audit Committees 23
2.7 Higgs 24
2.8 Tyson 24
2.9 Combined Code on Corporate Governance 2003 25
2.10 Companies Act 2006 26
2.11 Combined Code on Corporate Governance 2008 26
2.12 Sir David Walker's Review of Corporate Governance, July 2009 (Consultation Paper) 27
2.13 Sir David Walker's Review of Corporate Governance, November 2009 (Final Recommendation) 29
2.14 House of Commons Treasury Committee 2009 30
2.15 UK Corporate Governance Code, June 2010 32
2.16 The Comply or Explain Regime 34
2.17 Definition of Corporate Governance 34
2.18 Formation of Companies 35
2.19 The Financial Services Authority and Markets Act 2000 36
2.20 The London Stock Exchange 36
2.21 Summary 37
2.22 References 38
3 Developments in Corporate Governance in the US 41
3.1 Corporate Governance 41
3.2 The Securities and Exchange Commission 42
3.2.1 Creation of the SEC 42
3.2.2 Organisation of the SEC 43
3.3 The Laws That Govern the Securities Industry 44
3.3.1 Securities Act 1933 44
3.3.2 Securities Exchange Act 1934 44
3.3.3 Trust Indenture Act 1939 45
3.3.4 Investment Company Act 1940 45
3.3.5 Investment Advisers Act 1940 45
3.4 Catalysts for the Sarbanes-Oxley Act 2002 45
3.4.1 Enron 46
3.4.2 WorldCom 47
3.4.3 Tyco International 47
3.4.4 Provisions of the Act 50
3.4.5 Implement…