Empowered Enterprise Risk Management

Index

• 9/11 attacks 21

• AADD syndrome (Analyse, Assess, Debate, and Drop) 50
• absolute risk appetite 121
• accounting fraud 54
• accounting integrity 133

• ‘adding value' 4

• adverse selection 103
• agency problem of risk 35
• agency problem of risk management 35, 38–40
• aggregate risk 112–13, 114, 139, 195
  • critical thresholds and 144
  • estimation from risk register 132, 140, 151
  • impact of acquisitions on 149
  • Monte Carlo approach and 145
  • risk appetite and 120, 123
  • risk budgeting and 132, 134, 144, 145, 146
  • risk strategy and 162
  • strategic decision‐making and 123
  • strategy performance 150, 151, 159
• Airbus 160
• Amazon 52
• American Accounting Association 2
• American Institute of CPAs 2
• analytical integrity 133

• ‘antifragile' 22

• Apple 31
  • Silobattling 32
• asset fire sales 109
• Association of Accountants and Finance Professionals in Business 2
• auditability of risk management 75
• Australian risk management standard (AS/NZ 4360) 4
• Aven, Eyvind 167, 168, 170

• balance sheet 81, 102, 111, 136
  • cash buffer 128
  • cash on 161
  • liabiities in 125, 126
  • risk budgeting and 146
  • strong 110, 129, 133, 184
  • undercapitalized 112
• bankruptcy proceedings 109
• behavioural bias problem of risk management 36
• beliefs, defining, success and 57
• Bernstein, Peter 2
• beta coefficient 15
• bias, defined 42
• Black Swans 21–2, 86, 87
• board of directors, role of 29, 61–4
• Boeing 737 MAX model 160
• borrowing capacity, spare 129
• BP Deepwater Horizon 51–2
• Branson, Richard 24
• British Petroleum 171
• business disruption risk ...