Empowered Enterprise Risk Management

Acknowledgements

IN WRITING A BOOK like this, one draws on the indefatigable work and hard‐won insights of so many people. Enterprise risk management (ERM) is almost impossibly ambitious in scope, touching on nearly every facet of the firm. Taken literally, it has designs for several of its most important processes and functions. In taking on such a dynamic and all‐encompassing subject, one must obviously count on the expertise of others to navigate many of the thorny issues that present themselves. Here we express our gratitude to the individuals who have blessed us with their thoughts and feedback on this book, or otherwise shaped our thoughts on the subject in major ways.

Our first thank you goes to Eyvind Aven, Petter's long‐time co‐builder of ERM in Equinor, who has provided us with many valuable suggestions.

We thank Martin Stevens for generously sharing his knowledge and experience in internal audit and risk management with us. This has significantly enhanced our understanding of this important function and its role in the value‐creation process.

Thanks go to Frederik Lundtofte for educating us on probabilities and giving us insights into the wondrous world of mathematical analysis and its closely related philosophy.

We thank Ulrich Adamheit for bringing his many years of practical experience in overseeing risk management programmes to bear on this manuscript.

Thank you to Jennie Wallin for valuable feedback and for challenging us on risk appetite.

We thank John Fraser ...