Description

Unlock the incredible potential of enterprise risk management¬†

There has been much evolution in terms of ERM best practices, experience, and standards¬†and¬†regulation over the past decade.¬†Enterprise Risk Management: Today’s Leading Research and Best Practices for Tomorrow’s Executives, Second Edition¬†is¬†the revised and updated essential guide to the now immensely popular topic of¬†enterprise¬†risk management¬†(ERM).¬†With contributions from¬†leading academics and practitioners,¬†this book offers¬†insights into what practitioners are doing¬†and¬†what¬†the future holds. You’ll discover¬†how you can¬†implement best practices, improve ERM tools and techniques, and even learn to teach ERM.¬†Retaining the holistic approach to ERM that made the first edition such a success, this new edition adds coverage of new topics including cybersecurity¬†risk,¬†ERM in government,¬†foreign¬†exchange¬†risk, risk appetite,¬†innovation risk,¬†outsourcing risk,¬†scenario planning,¬†¬†climate change risk,¬†and much more.¬†¬†In addition,¬†the new edition includes important updates and enhancements to topics covered in the first edition; so much of it has been revised and enhanced that it is essentially¬†an entirely¬†new book.¬†

Enterprise Risk Management¬†introduces you to the concepts and techniques¬†that allow you to¬†identify¬†risks and prioritize the appropriate responses. This invaluable guide offers a broad overview, covering key issues¬†while focusing on the principles that¬†drive effective¬†decision making and¬†determine¬†business success. This comprehensive resource also¬†provides a thorough introduction to¬†ERM¬†as it relates to credit, market, and operational risk, as well as the evolving requirements of¬†the board of directors’ role in overseeing ERM.¬†¬†

Through the comprehensive chapters and leading research and best practices covered, this book:¬†

Provides a holistic overview of key topics in ERM, including¬†the role of the chief risk officer,¬†development and use of¬†key¬†risk indicators¬†and¬†the¬†risk-based¬†allocation of resources¬†
Contains second-edition updates covering additional material related to teaching ERM,¬†risk frameworks, risk culture, credit and market risk,¬†risk workshops and risk profiles¬†and much more.¬† Over 90% of the content from the first edition has been revised or enhanced
Reveals how you can prudently apply ERM¬†best¬†practices¬†within the context of your underlying business activities¬†

Filled with helpful¬†examples,¬†tables,¬†and¬†illustrations,¬†Enterprise Risk Management, Second Edition¬†offers a wealth of knowledge on the drivers, the techniques, the benefits, as well as the pitfalls to avoid, in successfully implementing¬†ERM.¬†