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 25RISK MANAGEMENT AND THE FUTURE OF ERM
RISK QUOTE: Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great.
—MARK TWAIN, HUMORIST AND WRITER
RISK QUOTE: I haven’t failed, I’ve found 10,000 ways that don’t work.
—THOMAS EDISON, INVENTOR
We have taken a journey that began in 1998 when organizations began to realize they were not respecting risk interaction in their financing and operations. Corrections included the concept of a chief risk officer. Accounting firms and consultants discussed strategic risk management, holistic risk management, and, of course, enterprise risk management. The last of these seems to have stuck. Progress was slow, ...
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