Enterprise risk management : from incentives to controls / James Lam

By:

Lam, James [aut]

Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Wiley Finance Ser | Wiley finance seriesPublisher: Hoboken, New Jersey : Wiley, [2014]Edition: Second edition (Online-Ausg.)Description: Online-Ressource (1 online resource (xviii, 476 pages)) : illustrations (black and white)ISBN:

9781118834367
9781118834435
9781306322508
1306322502

Subject(s):

Additional physical formats: 9781118413616 | 1306322332 | Druckausg.: 978-1-118-41361-6 RVK: RVK: QP 300LOC classification:

HD61

Online resources:

Zugang im Netz des KIT

Summary: A fully revised second edition focused on the best practices of enterprise risk management Since the first edition of Enterprise Risk Management: From Incentives to Controls was published a decade ago, much has changed in the worlds of business and finance. That's why James Lam has returned with a new edition of this essential guide. Written to reflect today's dynamic market conditions, the Second Edition of Enterprise Risk Management: From Incentives to Controls clearly puts this discipline in perspective. Engaging and informative, it skillfully examines both the art as well as the science of effective enterprise risk management practices. Along the way, it addresses the key concepts, processes, and tools underlying risk management, and lays out clear strategies to manage what is often a highly complex issue. Offers in-depth insights, practical advice, and real-world case studies that explore the various aspects of ERM Based on risk management expert James Lam's thirty years of experience in this field Discusses how a company should strive for balance between risk and return Failure to properly manage risk continues to plague corporations around the world. Don't let it hurt your organization. Pick up the Second Edition of Enterprise Risk Management: From Incentives to Controls and learn how to meet the enterprise-wide risk management challenge head on, and succeed.Summary: Intro -- Enterprise Risk Management -- Contents -- Preface -- Acknowledgments -- Section One Risk Mangement in Context -- Chapter 1 Introduction -- The Benefits of Risk Management -- Reason #1: Managing Risk Is Management's Job -- Reason #2: Managing Risk Can Reduce Earnings Volatility -- Reason #3: Managing Risk Can Maximize Shareholder Value -- Reason #4: Risk Management Promotes Job and Financial Security -- Integration Adds Value -- Cautionary Tales -- The Shortsightedness of Bausch & Lomb -- The Curtains Close on Kidder, Peabody -- Meltdown at Metallgesellschaft -- Morgan Grenfell's Asset Mismanagement -- Société Générale Blindsided -- MF Global Goes Under -- Chapter 2 Lessons Learned -- Lesson #1: Know Your Business -- Lesson #2: Establish Checks and Balances -- Lesson #3: Set Limits and Boundaries -- Lesson #4: Keep Your Eye on the Cash -- Lesson #5: Use the Right Yardstick -- Lesson #6: Pay for the Performance You Want -- Lesson #7: Balance the Yin and the Yang -- Chapter 3 Concepts and Processes -- Risk Concepts -- Exposure -- Volatility -- Probability -- Severity -- Time Horizon -- Correlation -- Capital -- Risk Processes -- Risk Awareness -- Set the Tone from the Top -- Ask the Right Questions -- Establish a Risk Taxonomy -- Provide Training and Development -- Link Risk and Compensation -- Risk Measurement -- Losses -- Incidents -- Risk Assessments -- Key Risk Indicators -- Risk Control -- Support Business Growth -- Support Profitability -- Control Downside Risks -- Risk Is a Bell Curve -- Chapter 4 What Is ERM? -- ERM Definitions -- The Benefits of ERM -- Organizational Effectiveness -- Risk Reporting -- Business Performance -- The Chief Risk Officer -- Components of ERM -- Corporate Governance -- Line Management -- Portfolio Management -- Risk Transfer -- Risk Analytics -- Data and Technology Resources -- Stakeholder Management.PPN: PPN: 807215457Package identifier: Produktsigel: ZDB-26-MYL | ZDB-30-PAD | ZDB-30-PBE | ZDB-30-PQE

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