The Knowledge Exchange / Risk Management / James Lam, author of Enterprise Risk Management: From Incentives to Controls

James Lam

James Lam is President of James Lam & Associates and author of Enterprise Risk Management: From Incentives to Controls. Contact James Lam by email: james@jameslam.com.

Five house rules for managing risky behavior

James Lam

If all organizations face the risk that their people will undertake reckless or unethical behavior, how should they protect themselves? James Lam says the best defenses come down to five house rules.

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The role of the board in enterprise risk management – Part 4

James Lam

Today, boards are required to take a much more active role in risk oversight. This is the third In this series of posts where I’m discussing the three key levers that boards can use in their risk oversight. In this post, I’m covering risk policy. Board-approved risk policies are a critical tool for communicating its expectations and requirements for risk management and oversight.

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The role of the board in enterprise risk management – Part 3

James Lam

Today, boards are required to take a much more active role in risk oversight. This is the third In this series of posts where I’m discussing the three key levers that boards can use in their risk oversight. In this post, I’m covering risk policy. Board-approved risk policies are a critical tool for communicating its expectations and requirements for risk management and oversight.

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The role of the board in enterprise risk management – Part 2

James Lam

In the wake of the global financial crisis, boards are taking a much more active role in risk oversight. In this series of posts, I’m discussing the three key levers that boards can use in their risk oversight. In this post, I’m covering risk governance, which establishes the oversight roles and decision points for the board and board committees.

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The role of the board in enterprise risk management – Part 1

James Lam

In the wake of the global financial crisis, boards are taking a much more active role in risk oversight. They are reexamining governance structure and roles, risk policies and limits, and assurance and reporting processes. James Lam, author of Enterprise Risk Management: From Incentives to Controls, says there are three key levers that boards should adopt in their risk oversight.

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Seven predictions for risk management

James Lam

The development and implementation of an ERM program is a multiyear effort requiring significant commitment from the board and senior management. While the practice of ERM has evolved and matured significantly over the past seven years, critical challenges still need to be addressed. Read James Lam’s latest article, published in The RMA Journal, which puts forth seven preditions for the future of risk management.

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