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Ernst and Young Risk Management Brochures document sample
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Annual Report of the ERM
Initiative
July 1, 2007
Page 1
Content
1. ERM Initiative Vision, Mission, and Four Core
Strategies
2. Overview of Accomplishments 2006-2007
3. Preview of Planned Activities for 2007-2008
Page 2
Vision
To be internationally recognized as an ERM thought
leader.
Mission
To be a national and international thought leader in
enterprise risk management (ERM) and in the
implementation of ERM in strategy development
and corporate governance.
Page 3
4 Pillars of Core Strategies
Becoming internationally recognized
thought leader
Outreach Internet Research Curriculum
Page 4
Overview of
Accomplishments
2006-2007
Page 5
Internationally recognized through our…
Outreach - ERM Initiative Advisory Board
Bank of America Progress Energy
General Motors R&D
Public Service Enterprise Group, Inc. BB&T Corporation
Standard & Poors
MasterCard International Aon Risk Services, Inc.
Wachovia
Kilpatrick Stockton, LLP Nortel
PricewaterhouseCoopers, LLP
EDS Bristol-Myers Squibb Retired – Home Depot
Protiviti, Inc. McGladry Pullen
KPMG, LLP
Reynolds American (RJR) University of Wisconsin –
Duke University
Madison
Grant Thornton Deloitte
Ernst & Young
AllState Insurance SAS Inc.
Page 6
Internationally recognized through….
Outreach – ERM Roundtables
• 6 Roundtables featuring
Wachovia AON Risk Services
Reynolds American Cisco Systems
Bristol-Meyers Squibb Internal Revenue Service and
Securities & Exchange Commission
• 2006-2007 attendance exceeds 800
• Branding through marketing efforts
12 Wall Street Journal announcements
6 Triangle, Triad, Charlotte Business Journal announcements
24 days of NPR Radio announcements
6,000 individuals in our database who receive emails and brochures about our
activities
• ERM Initiative was featured story in the News & Observer – May 10, 2007
Page 7
Internationally recognized through….
Outreach – Executive Education
• Bank Director Training for State Banking Commission
Two sessions (September 06 and April 07)
70 participants (who serve on bank boards of directors)
• ERM Fundamentals Workshop – May 9th
57 business professionals attended
Page 8
Internationally recognized through….
Outreach – Presentations
• International Speaking
Istanbul, Turkey – 5,000 delegates from the world
Ottawa, Canada – along with Controller General of Canada
• National Speaking – 6 conferences
Including staff of Federal Reserve
• Across North Carolina – 7 conferences
Including State Controllers office and 300 state agency heads
• Webinar Presentations
3 Webinars hosted by
SAS Institute of Internal Auditors Compliance 360
Page 9
Internationally recognized through….
Outreach – National Task Force Service
• COSO Board
• ERM Working Group for Government Results Center
May 21 presentation to Federal agency leaders - DC
• The Conference Board – Research study adviser
• Committee of Chief Risk Officers
Attended 2 CCRO meetings – seeking university involvement
• ERMII Board Member - Consortium of 12 universities
around world
Page 10
Internationally recognized through….
Internet
• www.erm.ncsu.edu
1st page Google search – “enterprise risk management”
Random emails and calls thanking us for content
• ERM Resources
– over 40 white papers, surveys, business press articles
summarized, books, conceptual frameworks
- ERM in the News
- What’s Happening – faculty activities and
accomplishments
Page 11
Internationally recognized through….
Research
• ERM Initiative Faculty Fellows
7 papers under way
2 submitted to academic journals
Journal of Banking and Finance
• Published or Forthcoming - 4 papers
• Research Awards
Best Paper Award – Presented at ERM Symposium Chicago
Beasley, Pagach, Warr
Page 12
Internationally recognized through….
Research
• Research Grants
GARP – study firm performance and ERM implementation
IBM – study state of ERM for government sector
AICPA – study state of ERM in non-financial services/insurance
EEED – Develop executive education on ERM tailored for small to
medium businesses
Page 13
Internationally recognized through….
Research
• ERM Research Fellows
21 academics around country
• Speaker at Research Conferences/Seminars
ERM Symposium Chicago
University of Michigan
Ohio State
University of Wisconsin - Milwaukee
Page 14
Internationally recognized through….
Curriculum
• 2 courses under development
Overview of ERM
Risk Measurement Tools – Anticipate offering Spring ‘08
• Re-launch of Finance Risk Management Course
• Re-title of Global Strategies and Risk Management
Course
Page 15
Internationally recognized through….
Curriculum
• MAC Concentration
Overview of ERM, plus one additional ERM course
• MBA Elective
Not concentration at this point
Encourage finance and supply chain concentrations – huge
opportunities
Page 16
Planned Activities for
2007-2008
Page 17
Activities Still Centered Around 4 Pillars to
Strategy
Becoming internationally recognized
thought leader
Outreach Internet Research Curriculum
Page 18
Internationally recognized through our…
Outreach - ERM Initiative Advisory Board
• Next Advisory Board meeting – Friday, September 28, 2007
(Exploris Museum)
• Creating 3 subcommittees
ERM Roundtables and Executive Education
ERM Curriculum and Research
ERM Web site
• Plan to add up to 10 more members as opportunities arise
Page 19
Internationally recognized through….
Outreach – ERM Roundtables
• Six to be offered – 3 in Fall 07 and 3 in Spring 08
• Fall 2007 Roundtable Dates
Friday, September 28, 2007
Michael Raynor, author of The Strategy Paradox
Presenting Sponsor: Deloitte
Friday, November 2, 2007
Spencer Schwartz, MasterCard International
Presenting Sponsor: Jefferson Wells
Friday, December 7, 2007
Stephen Gross, Chief Actuary of the U.S. Social Security Administration
Page 20
Internationally recognized through….
Outreach – Executive Education
• ERM Fundamentals Workshop – September 20th
One-day workshop for business professionals
Fee: $695 for early registrations
Location: Exploris Museum
• Bank Director Training for State Banking Commission
New offering – Merger & Acquisition Strategy: Creating and Preserving Value
October 25 – 26, 2007 – Grandover Resort, Greensboro
Participants restricted to bank directors
Fee: $550 for early registrations
Page 21
Internationally recognized through….
Outreach – Executive Education
• Strategic Risk Management – October 2007
Partnering with DePaul’s Center for Strategy, Execution, and Valuation
One-day course on Managing Strategic Risk for business professionals to be
offered in Chicago
AON will be presenting sponsor
Fee: $895 for early registrations
• AICPA Partnership for Audit Committee Training
Partnering with AICPA to deliver ERM training for audit committees
To be offered at the AICPA offices in New York
February 2008
Page 22
Internationally recognized through….
Internet
• www.erm.ncsu.edu
Goal to keep site on 1st page Google search – “enterprise
risk management”
ERM Resources
Continue to expand ERM Resources section of website
Expand organizational infrastructure to help web site
visitors navigate among our ERM Resources
Page 23
Internationally recognized through….
Research
• Expand ERM Research Fellows
Currently 21 academics around country
• Host ERM Research Conference
February 2008
• Submit research funding proposals in response to
calls for ERM Research
• Complete research funded by IBM and AICPA
• Continue ERM Initiative Faculty Fellows program for
COM faculty
Page 24
Internationally recognized through….
Curriculum
• Support delivery of the MBA course Overview of ERM
Over 30 registered for Fall 07
• Secure launch of the Risk Measurement Tools course
To be taught in Spring 08
• Work with new finance hire to help re-launch of Finance Risk
Management Course
Scheduled launch Spring 08
• Re-title of Global Strategies and Risk Management Course
Page 25
Vision
To be internationally recognized as an ERM thought
leader.
Mission
To be a national and international thought leader in
enterprise risk management (ERM) and in the
implementation of ERM in strategy development
and corporate governance.
Page 26
