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- Title
ERM EMBRACING A TOTAL RISK MODEL.
- Authors
Quinn, Lawrence Richter
- Abstract
This article focuses on enterprise risk management (ERM). The author notes that attention to ERM is being fueled by new exchange rules, regulatory initiatives around the globe and reports that link good corporate governance with effective risk management. The author adds that ERM is a means of determining all the risks a company faces, both currently and in the near and long-term future regardless of whether those exposures have been historically insurable or able to be hedged through the financial markets. The author also discusses how numerous rules are being issued by stock exchanges globally that require or strongly suggest that corporate boards certify publicly that they are aware of all of their current and future risks and that they have programs in place to deal with them. INSET: Hallmarks of Best Practice ERM.
- Subjects
RISK management in business; INDUSTRIAL management; FINANCIAL management; RISK exposure; CORPORATE governance; PERFORMANCE management; FINANCIAL performance; INVESTOR relations (Corporations); CORPORATE finance; ECONOMIC globalization; RISK management in business -- Law &; legislation; RISK assessment -- Law &; legislation; ECONOMICS
- Publication
Financial Executive, 2005, Vol 21, Issue 1, p32
- ISSN
0895-4186
- Publication type
Article