Empowered Enterprise Risk Management

Theory and Practice

Hakan Jankensgard, Petter Kapstad (Autoren)

Buch | Hardcover

224 Seiten

2021
John Wiley & Sons Inc (Verlag)
978-1-119-70015-9 (ISBN)

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In this book, two experts on the topic raise the question of why many ERM programmes end up as box-checking silos with almost no connection to important decision-making processes, whereas others are empowered and end up having a profound impact on the firm’s culture, governance structures, and strategy process. The book establishes a path to empowered ERM by drawing on insights from theory and hard-won lessons from practice. Success factors enabling this transition are thoroughly discussed in a start-to-finish narrative describing the theoretical underpinnings of ERM, its proven best practices, and onto more advanced topic such as risk budgeting and the integration of ERM into strategic decision-making.

Håkan Jankensgård is Associate Professor in Corporate Finance at Lund University where he teaches two courses (Corporate Valuation and Corporate Risk Management) on the master's program in Finance. Prior to entering academia, Håkan was corporate risk manager at Norsk Hydro with responsibility for developing their risk management program and risk model. He has published research on risk management in distinguished journals such as the Journal of Banking & Finance and Financial Management. Petter Kapstad was responsible for building up Equinor's Enterprise Risk Management, which he headed for 14 years. At that time, Equinor's ERM included insurance, credit, operational risk, strategic risks and market risks. He had 18 years' experience from the trading environment in commercial banks prior to joining Equinor and has been an advisor to several international companies, boards and board members in building their ERM.

Preface ix

Chapter 1: Introduction to Empowered Enterprise Risk Management 1

Chapter 2: Risk Defined 12

Chapter 3: Risk Theory 29

Chapter 4: Risk Culture 46

Chapter 5: Risk Governance 60

Chapter 6: Risk Register 78

Chapter 7: Risk Response 95

Chapter 8: Risk Appetite 116

Chapter 9: Risk Budgeting 132

Chapter 10: Risk Strategy 148

Chapter 11: Risk in Practice: The Case of Equinor 166

Chapter 12: Concluding Remarks 191

Bibliography 199

Acknowledgements 203

Index 205

Erscheinungsdatum	29.01.2021
Reihe/Serie	Wiley Corporate F&A
Verlagsort	New York
Sprache	englisch
Maße	160 x 234 mm
Gewicht	476 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Allgemeines / Lexika
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
ISBN-10	1-119-70015-9 / 1119700159
ISBN-13	978-1-119-70015-9 / 9781119700159
Zustand	Neuware