Enterprise Risk Management: From Incentives to Controls / Edition 1

Enterprise Risk Management: From Incentives to Controls / Edition 1

by James Lam
     
 

ISBN-10: 0471430005

ISBN-13: 9780471430001

Pub. Date: 05/23/2003

Publisher: Wiley

A comprehensive look at enterprise-wide risk management written by a high-profile risk manager

Failure to properly manage risk continues to plague corporate America–from Enron to Long-Term Capital Management. A company can survive and may even thrive if it has good people and bad processes, but it cannot if the reverse is true. The truth is a company’s risk profile

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Overview

A comprehensive look at enterprise-wide risk management written by a high-profile risk manager

Failure to properly manage risk continues to plague corporate America–from Enron to Long-Term Capital Management. A company can survive and may even thrive if it has good people and bad processes, but it cannot if the reverse is true. The truth is a company’s risk profile is driven by the decisions and actions of its employees. Filled with valuable advice and expert insight, Enterprise Risk Management explores the controls and incentives that motivate proper risk management within any organization. While risk management processes such as risk reporting and auditing can provide useful monitoring, it is more important to ensure that the right people are in place to begin with, and that they are motivated by the right culture and incentives. Enterprise Risk Management allows readers to do this by focusing on how to best meet these challenges and discussing how to improve risk management procedures within a company.


About the Author:
James Lam is President of James Lam & Associates, an independent risk advisory firm.

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Product Details

ISBN-13:
9780471430001
Publisher:
Wiley
Publication date:
05/23/2003
Series:
Wiley Finance Series, #181
Pages:
336
Product dimensions:
6.12(w) x 9.26(h) x 1.14(d)

Related Subjects

Table of Contents

Preface
Acknowledgments
Sect. 1Risk Management in Context1
Ch. 1Introduction3
Ch. 2Lessons Learned15
Ch. 3Concepts and Processes23
Sect. 2The Enterprise Risk Management Framework41
Ch. 4What is Enterprise Risk Management?43
Ch. 5Corporate Governance57
Ch. 6Line Management69
Ch. 7Portfolio Management83
Ch. 8Risk Transfer95
Ch. 9Risk Analytics109
Ch. 10Data and Technology123
Ch. 11Stakeholder Management133
Sect. 3Risk Management Applications147
Ch. 12Credit Risk Management149
Ch. 13Market Risk Management181
Ch. 14Operational Risk Management207
Ch. 15Business Applications235
Ch. 16Financial Institutions241
Ch. 17Energy Firms259
Ch. 18Nonfinancial Corporations273
Sect. 4A Look to the Future291
Ch. 19Predictions293
Ch. 20Everlast Financial307
Index311

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