The field of enterprise risk management (ERM) was born from corporate scandals early in this century. COSO published its Integrated Framework in 2004, outlining eight ERM components that, when present and functioning effectively, provide reasonable assurance an organization will meet its objectives. Since then, organizations have been increasingly urged to adopt risk oversight practices, wit…
PREFACE This guide is a catalogue of ideas, information, services and material available to those interested in energy conservation. It is intended to stimulate food and beverage processor's interest in energy conservation and give information on how to get an energy management program started. More specific information is available and advice should be sought from qualified engineering st…
The main objective of the paper is to discuss how indicators and metrics can be used in risk management. In introduction, there are presented some general ideas about enterprise risk management and its implementation using key risk indicators (KRIs). In Section, there are presented several definitions for KRI and the steps which must be followed for implementing a set of KRI. In Section 2, it i…
The purpose of this research is to introduce structures of strategic management of technology as elements in a conceptual framework. Design/methodology/approach: The approach of this study is abductive. The original framework is expanded and validated through inference to findings of large and small to medium-sized enterprise practices through interviews, finally ending on theory matching. …
Abstract: It is important to identify, measure, analyze and monitor risks such that risks can be properly managed with appropriate risk management decisions and actions to be taken on a timely basis. This paper describes ways to identify and measure various types of risks for management purpose. It suggests methods that can be used to report and/or integrate measurements of different types…
Managing is one of the most important human activities. From the time human beings began forming social organizations to accomplish aims and objectives they could not accomplish as individuals, managing has been essential to ensure the coordination of individual efforts. As society continuously relied on group effort, and as many organized groups have become large, the task of managers has…
This project was commissioned by COSO, which is dedicated to providing thought leadership through the development of comprehensive frameworks and guidance on enterprise risk management, internal control, and fraud deterrence designed to improve organizational performance and governance and to reduce the extent of fraud in organizations. COSO is a private sector initiative, jointly sponsored…
This paper was first written when I was head of Strategic Planning & Manage-ment Services at Educational Testing Service (ETS). It examines the words and terms making up its title and presents them in a way intended to make them useful tools for those charged with related duties
In December 2012, the Economist Intelligence Unit carried out a global survey on behalf of KPMG International. This survey gathered data from 1,092 respondents around the world in a closed-ended online questionnaire. All were C-level executives: 28 percent were Chief Executive Officers or equivalent and 18 percent were Chief Financial Officers, the two largest groups. Five percent were Chief Ri…
Abstract This paper focuses on the defining the role of CRO in corporate governance and to show the interrelation between the way of CRO subordination and performance of investment bank. The sample consists of observations over a period of 2011 for 29 biggest investment banks (by amount of assets) implementing world-wide investment activity. The banks are originated in the USA (8), Eastern …