Fundamentals of Enterprise Risk Management: How Top Companies Assess Risk, Manage Exposure, and Seize Opportunity Paperback - 2009

From the rear cover

After the devastation experienced by AIG, Bear Stearns, Lehman Brothers, and other financial institutions, the need for effective, comprehensive enterprise risk management (ERM) systems has never been more stark or immediate. Whether your organization needs to implement an ERM program from scratch or radically improve upon an existing one, "Fundamentals of Enterprise Risk Management" is the most up-to-date, all-in-one resource for creating a proactive, clearly articulated ERM system. The book shows you how to use a highly innovative and surprisingly easy-to-use visual architecture for accurately identifying your orga-ni-zation's exposure to hundreds, sometimes thousands, of risks, and clearly seeing how they interlink with one another--and can potentially set off a cascade of negative effects. Packed with eye-opening case studies, engaging stories, and "lessons learned," "Fundamentals of Enterprise Risk Management" helps you: ● Avoid the dire consequences of failing to recognize both your external and internal risk exposures. ● Set up a world-class ERM system using the practical strategies, helpful examples, and unique tools. ● Create a central, easy-to-use knowledge warehouse to share information and support decision-making. ● See and manipulate complex risk relationships using innovative visual software such as Riskonnect(R). ● Exceed the monitoring requirements mandated by the Securities and Exchange Commission, Basel II, the Sarbanes-Oxley Act--and much more.