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

Product ID : 17252757


Galleon Product ID 17252757
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About Corporate Value Of Enterprise Risk Management: The

Product Description The ultimate guide to maximizing shareholder value through ERM The first book to introduce an emerging approach synthesizingERM and value-based management, Corporate Value of EnterpriseRisk Management clarifies ERM as a strategic businessmanagement approach that enhances strategic planning and otherdecision-making processes. A hot topic in the wake of a series of corporate scandals aswell as the financial crisis Looks at ERM as a way to deliver on the promise of balancingrisk and return A practical guide for corporate Chief Risk Officers (CROs) andother business professionals seeking to successfully implementERM ERM is here to stay. Sharing his unique insights and experiencesas a recognized global thought leader in this field, author SimSegal offers world-class guidance on how your business cansuccessfully implement ERM to protect and increase shareholdervalue. From the Inside Flap Corporate Value of ENTERPRISE RISK MANAGEMENTThe Next Step in Business Management While enterprise risk management (ERM) programs have a great deal of potential, traditional ERM approaches often struggle to generate sufficient buy-in from internal stakeholders. Corporate Value of Enterprise Risk Management responds to this challenge with a value-based ERM approach that transforms ERM into a strategic management process that enhances strategic planning and other business decision making. Demystifying the complex and wide-ranging topic of ERM, this practical guide is informed by the author's twenty-five years of professional experience in this arena and introduces 10 key ERM criteria as a foundational element to evaluate the robustness of any ERM program. Filled with case studies illustrating key elements of the value-based ERM approach, this insightful book reveals: Secrets to quantifying all types of risks, whether strategic, operational, or financial What risk appetite is, how to clearly define it, and how to quantify it for use in the risk governance process How to integrate ERM information into decision-making processes Techniques to avoid the five common mistakes in risk identification How to apply ERM to nonprofit organizations, government bodies, and individuals Disastrous events both man-made and natural, as well as pressures from shareholders, bondholders, directors, rating agencies, and regulators have raised management's awareness of the need for an integrated approach to managing risk. With an important chapter evaluating bank risk management practices in light of the financial crisis that began in the United States in 2007, Corporate Value of Enterprise Risk Management provides timely direction for the risks your organization faces. From the Back Cover Praise forCorporate Value of ENTERPRISE RISK MANAGEMENTThe Next Step in Business Management "I have read nearly every book related to this topic, and I heartily recommend this one. This could well be the only ERM book you will ever need."—Dave Ingram, CERASenior Vice President, Willis Re Former leader of Standard & Poor's insurance ERM evaluations "An excellent book on ERM! This book is highly accessible to a wide range of professionals, from technical personnel to senior executives to board members. Its principles-based approach and excellent real-world examples make it a highly practical guide for those who want to understand ERM without getting lost in technical jargon."—Adam LitkeChief Risk Strategist, Bloomberg "Finally, a comprehensive guide to implementing ERM. This book offers an advanced but practical solution to successfully implementing ERM based on a disciplined, measured approach. In my nearly two decades as a board member, chief risk officer, and chief audit executive, I've been presented with many risk management frameworks, but this is the best I have seen."—Leslie Bauer, CPAVice President and Chief Risk Officer, ARC "A firm's value is based on its risk-adjusted return. The traditional focus on return (P&L) addresses only half the picture,