Findings from a recent report conducted by the ERM Initiative at North Carolina State University suggest that there is significant room for improvement in enterprise-wide risk management processes for most organizations. Nearly 60% of the senior executives that participated in the study indicated that their risk management processes are ad hoc and informal and just under half have only minimal processes for identifying and tracking risks, or none at all. Over 40% indicated that their risk management processes are either “very immature” or only "somewhat mature".

Join us for this session with Mark Beasley, in which he’ll examine the findings of this study in more detail and share his insights regarding the underlying issues that are hampering many ERM initiatives.

Dr. Beasley will also offer suggestions for addressing ERM deficiencies through the use of Key Risk Indicators (KRIs) which are often mistakenly confused with Key Performance Indicators (KPIs). The presentation will include:

• Overview of the current state of enterprise risk oversight in most organizations
• Need for better information about emerging strategic risks
• How to differentiate key risk indicators from key performance indicators
• Identifying the potential value of key risk indicators
• How to develop effective key risk indicators
• Using KRIs to drive proactive, strategic risk management
• Recommendations for reporting KRIs to management and the board of directors

Who Should Attend:

• Boards of Director and Audit Committee Members
• CEO, CFO
• Chief Risk Officer
• Chief Compliance Officer
• Chief Security Officer
• General Counsel
• General Audit Executive
• Chief Strategy Executive

Reference Materials:

Attendees in this webinar should download and review these COSO documents prior to the live session:

Attendees of the live session will also receive a copy of the survey report and the KRI thought paper.

About the Presenter:

Mark Beasley is the Deloitte Professor of Enterprise Risk Management at the College of Management at North Carolina State University in Raleigh, North Carolina. The Enterprise Risk Management (ERM) Initiative at NC State (www.erm.ncsu.edu) provides thought leadership about ERM practices and their integration with strategy and corporate governance. As founding director, Dr. Beasley leads the ERM Initiative's efforts to help pioneer the development of this emergent discipline through outreach to business professionals, with its ongoing ERM Roundtable Series and ERM Executive Education for boards and senior executives; research, advancing knowledge and understanding of ERM issues; and undergraduate and graduate business education for the next generation of business executives (www.erm.ncsu.edu). He frequently works with boards of directors and senior management teams to assist them in strengthening their risk oversight processes.

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