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

Table of contents

1. Cover
2. Title Page
3. Copyright
4. Foreword
5. Preface
   1. Purpose of the Book
   2. Intended Audience
   3. Summary of the Contents
6. Acknowledgments
7. Part I: Basic ERM Infrastructure
   1. Chapter 1: Introduction
      1. Evolution of ERM
      2. Basel Accords
      3. September 11th
      4. Corporate Accounting Fraud
      5. Hurricane Katrina
      6. Rating Agency Scrutiny
      7. Financial Crisis
      8. Rare Events
      9. Long-Term Trends
      10. Challenges to ERM
      11. Summary
   2. Chapter 2: Defining ERM
      1. Definition of Risk
      2. Definition of ERM
      3. Distributable Cash Flow
      4. Summary
   3. Chapter 3: ERM Framework
      1. Value-Based ERM Framework
      2. Challenges of Traditional ERM Frameworks
      3. Value-Based ERM Framework
      4. Overcoming the Challenges by Using a Value-Based ERM Framework
      5. Summary
8. Part II: ERM Process Cycle
   1. Chapter 4: Risk Identification
      1. Components of Risk Identification
      2. Five Keys to Successful Risk Identification
      3. Risk Categorization and Definition
      4. Qualitative Risk Assessment
      5. Emerging Risk Identification
      6. Killer Risks
      7. Summary
   2. Chapter 5: Risk Quantification
      1. Practical Modeling
      2. Components of Risk Quantification
      3. Calculate Baseline Company Value
      4. Quantify Individual Risk Exposures
      5. Quantify Enterprise Risk Exposure
      6. Summary
   3. Chapter 6: Risk Decision Making
      1. Defining Risk Appetite and Risk Limits
      2. Attribution Analysis
      3. Integrating ERM into Decision Making
      4. Summary
   4. Chapter 7: Risk Messaging
      1. Internal Risk Messaging
      2. External Risk Messaging
      3. Summary
9. Part III: Risk Governance and Other Topics
   1. Chapter 8: Risk Governance
      1. Focusing on Common Themes
      2. Components of Risk Governance
      3. Roles and Responsibilities
      4. Organizational Structure
      5. Policies and Procedures
      6. Summary
   2. Chapter 9: Financial Crisis Case Study
      1. Summary of the Financial Crisis
      2. Evaluating Bank Risk Management Practices
      3. Summary
   3. Chapter 10: ERM for Non-Corporate Entities
      1. Generalizing the Value-Based ERM Approach
      2. Complexities of Objectives-Based ERM
      3. Examples of NCEs
      4. Summary
      5. Conclusion
10. Glossary
11. About the Author
12. Index