August 2009
Beginner
308 pages
6h 50m
English
Content preview from Fundamentals of Enterprise Risk ManagementBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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CHAPTER 6IMPLEMENTING ERM
RISK QUOTE: The secret of life is honesty and fair dealing. if you can fake that, you’ve got it made.
—GROUCHO MARX, COMEDIAN AND MOVIE STAR
RISK QUOTE: I wake up every morning at nine and grab for the morning paper. Then I look at the obituary page. If my name is not on it, I get up.
—BENJAMIN FRANKLIN, SCIENTIST,PUBLISHER, AND DIPLOMAT
As organizations evaluate the implementation of an ERM program, the discussion can quickly bog down. Should the entity form a central risk committee, hire a chief risk officer, or bring in outside consultants to set up a program? What should be the reporting structure? In this chapter, we look at research on the status of ERM implementation and conclude with a checklist of questions ...
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