Enterprise Risk Management: From Incentives to Controls by James Lam

By James Lam

Company hazard administration is a fancy but severe factor that each one businesses needs to take care of as they head into the twenty-first century. It empowers you to stability hazards with rewards in addition to individuals with approaches. yet to grasp the various elements of company chance administration, you want to first notice that this procedure is not just pushed through sound thought but in addition via sound perform. nobody understands this larger than probability administration specialist James Lam. In company danger administration: From Incentives to Controls, Lam distills 20 years' worthy of expertise during this box to provide you a transparent realizing of either the paintings and technological know-how of firm hazard management.Organized into 4 finished sections, firm probability administration deals in-depth insights, functional suggestion, and actual international case stories that discover each point of this crucial field.Section I: probability administration in Context lays a superb starting place for figuring out the function of firm threat administration in today’s enterprise environment.Section II: The firm danger administration Framework bargains an govt schooling at the enterprise cause for integrating danger administration processes.Section III: probability administration purposes discusses the functions of threat administration in dimensions–functions and industries.Section IV: a glance to the longer term rounds out this finished dialogue of company danger administration by way of analyzing rising subject matters in chance administration with appreciate to humans and technology.JAMES LAM is President of James Lam & affiliates, an self sustaining possibility advisory enterprise. sooner than beginning his personal enterprise, Lam was once founder and president of ERisk and accomplice of Oliver, Wyman & corporation. In 1997, as leader danger officer at constancy Investments, he used to be named the first-ever monetary probability supervisor of the yr through the worldwide organization of probability execs. ahead of constancy, he was once leader hazard officer of Capital Markets providers, Inc., a GE Capital corporation. Lam graduated with honors from Baruch university and got his MBA from UCLA. he's additionally at present an accessory Professor of Finance at Babson collage.

Show description

Read Online or Download Enterprise Risk Management: From Incentives to Controls PDF

Best risk management books

Financial Risk Manager Handbook

I've got used this publication as a textual content for a graduate point monetary chance administration direction, in education for the GARP FRM examination (which I passed), and as a reference professionally. The instruction manual offers precisely what it says it's going to, and serves as an exceptional primer ahead of moving into the heavier, extra distinct assigned readings (this isn't an assigned analyzing for the FRM examination, brain you).

COSO Enterprise Risk Management: Understanding the New Integrated ERM Framework

Compliment for COSO firm hazard Management"COSO ERM is a considerate creation to the demanding situations of chance administration on the firm point and includes a wealth of data on facing it by utilizing the COSO framework. designated approaches masking a large choice of occasions are through an intensive clarification of the way each one is deployed.

Handbook of Explosion Prevention and Protection

Among them, the popular crew of editors and authors have gathered unprecedented adventure at such institutes as BAM, PTB, Pittsburgh nationwide Institute for Occupational future health and protection, BASF AG, and the college of Göttingen. during this work-the first of its variety for 35 years-they describe intimately these measures that hinder or restrict business explosions and the wear so prompted.

The Doom Loop in the Financial Sector: And Other Black Holes of Risk

Some time past years, the area has skilled how unsound financial practices can disrupt international monetary and social order. Today’s unstable worldwide monetary scenario highlights the significance of coping with possibility and the implications of negative selection making. The Doom Loop within the monetary quarter finds an underlying paradox of threat administration: the higher we turn into at assessing hazards, the extra we suppose cozy taking them.

Extra resources for Enterprise Risk Management: From Incentives to Controls

Sample text

2. 5 11 Most Actively Studied Uncertain Systems Theories Fuzzy mathematics, grey system theory, and rough set theory are currently the most actively studied uncertainty theories. 3). 6). Research on uncertain (fuzzy, grey, and rough) systems can be categorized into the following three aspects: (1) The mathematical foundation of uncertain systems theories; (2) The modeling of uncertain systems and computational schemes, including various uncertain systems modeling, modeling combined with other relevant methods, as well as related computational methods; and (3) The wide-range of applications of uncertain systems theories in natural and social sciences.

The researchers carried out effective research on economic decision applications using grey game model (Fang et al. 2006; Fang et al. 2010). In 2008, Qiao-Xing Li and Si-Feng Liu studied the grey matrix and grey input-output models (Li and Liu 2008). Based on such models, the authors put forward the Enterprise Grey Input-output analytical model in 2012 (Li et al. 2012). 8 Grey Control Models In the 1980s, Professor Julong Deng and Chaoshun Zhou (Deng and Zhou 1986; Zhou and Deng 1986; Deng 1988) worked on grey forecasting control, and addressed the stability of grey linear systems and sufficient conditions for the stability of inter-connected dynamic systems.

Furthermore, Chunhua Su and 26 2 The Grey Systems Theory Framework colleagues studied the robust stability problem of grey stochastic time-delay systems, especially the distribution type, neutral type and neutral-distribution type exponential robust stability problem of grey stochastic time-delay systems. In order to do so, Chunhua Su and colleagues used several methods such as the Lyapuonv function, Lyapunov-Krasovskii function, model transformation, combined Itô formula, matrix inequality, Holder inequality, Schur complement, decomposition technique of continuous grey matrix cover and other mathematical tools.

Download PDF sample

Rated 4.53 of 5 – based on 48 votes