Enterprise Risk Management
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This Webcast will help you create or refine your process for managing risk during a period of economic recovery.
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Client: A community bank that focuses on commercial and agricultural lending with assets of nearly $500 million.
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In today’s warp-speed business environment, opportunities can vanish and threats
materialize overnight. To remain viable, companies must be able to identify, assess and
respond to a myriad of challenges, real time. Risk management must become ingrained
as a way of thinking across the organization.
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In February 2008, a group of 25 risk, internal
audit and finance executives representing
multinational retailing organizations
participated in a Global Sourcing Forum
sponsored by Jefferson Wells and Lowe’s.
The forum featured discussions on emerging
issues in global sourcing.
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With the global credit market collapse came subsequent declines in employment levels, oil prices, consumer confidence and housing prices. Financial markets in crisis. Shareholders and executive management alike asked, what happened? Why did traditional risk management practices seemingly fail?
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The best way to eat the elephant standing in your path is to cut it up into little pieces. – African Proverb. For those responsible for governance, risk and compliance, enterprise risk management (ERM) may be the woolly mammoth of elephants. ERM has become a top priority for executives who realize...
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