The Importance of the CFO-CRO Partnership
Bringing together finance and risk management can help companies identify and exploit new opportunities for growth.
How to Map Your Risks
Traditional risk heat maps focus only on the downside of risk. But CFOs and CROs need to be able to visualize the opportunities for creating value that exist by taking risks.
How Much Can Your Company Afford to Lose?
If Hewlett-Packard had been comparing its risk appetite to its risk tolerance, it might not have taken on more acquisitions than it could handle.
MF Global: Anatomy of a Risk-Management Breakdown
A disconnect between the chief risk officer and the board and the failure of CEO Jon Corzine to head the CRO’s advice revealed the weakness of MF Global’s risk-management policies.
Risk Management, Internal Audit Should Kiss and Make Up
Collaboration of risk-management and internal-audit functions is helping organizations improve efficiency, decision-making, and results.
Why U.S. Risk Managers Should Take a Hint from the Rest of the World
Let's face it: the ISO enterprise risk management framework used by most companies outside the United States is edging out the U.S.-favored COSO framework. Is there any point in clinging to the latter?
Bottom-Up Is Bad for Risk Management
Steering enterprise risk management programs from the top makes more sense because it can provide a better fit with a company’s strategic objectives.