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Date Submitted: 06/23/2012 09:41 AM
Risk Management
A Driver of Enterprise Value in the Emerging Environment
kpmg.com
Table of
Contents
© 2011 KPMG International. KPMG International is a Swiss cooperative. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
About the survey
2
Perceptions post the meltdown
5
Executive summary
7 11
Current trends and practices
Risk governance
Summarizing key challenges and the way forward
21
Imperative 1 Enhancing board governance of risk
Case study: Utilizing balanced scorecard to oversee risks
12 15 16 17 18
Risk identification/ assessment
22 24 26 27 30
Imperative 2 Linking risks to strategy through KRIs
Case study: Linking objectives, strategy and risks to key risk indicators
Risk aggregation/ mitigation
Risk monitoring/ reporting
Imperative 3 Instilling a robust risk culture
Case study: Undertaking a risk culture survey as a precursor to ERM implementation
Risk culture
Imperative 4 Position the CRO as a strategic business advisor
Case study: CRO helping risk function add value by bringing in the “outside in” perspective
Imperative 5 Integrating risk management at an enterprise level
Case study: Developing a single view of risk by integrating governance, risk and compliance
© 2011 KPMG International. KPMG International is a Swiss cooperative. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind...