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OverviewBiases, blind spots and bonuses (or incentives more broadly) have led to numerous risk management disasters. Risk governance is a potential solution to these problems yet is not always as effective as we would like it to be. One reason for that is the current dearth of risk governance expertise. This book seeks to address this issue, providing: Understanding of the fundamental forces that cause disasters: the biases, blind spots and bonuses. This understanding is drawn from the disciplines of economics/finance and psychology; Explanation of the structures of risk governance and common challenges experienced in their use e.g. board risk committee, risk/compliance function, assurance function, risk appetite statement, risk disclosures; Thorough investigation of risk culture and its importance in risk governance, including the assessment of risk culture; Understanding of the mechanisms of executive compensation and how they link to risk management – one of the most difficult challenges confronting both risk and remuneration committees; Explanation of the risk management process (based on international standards ISO31000), including practical guidance on risk communication, analysis and treatment; Guidance on the management of strategic risk, emphasising the importance of scenario analysis; Application of these principles to cyber risk, climate risk – two pervasive risks affecting almost every organisation; Numerous case studies and examples drawn from various industries around the world; and Discussion of what has been learned about risk governance from the COVID-19 experience. The book is an essential guide for postgraduate students; participants in professional education programs in governance and risk management; directors; senior executives; risk, compliance and assurance professionals as well as conduct and prudential regulators worldwide. Full Product DetailsAuthor: Elizabeth SheedyPublisher: Taylor & Francis Ltd Imprint: Routledge Weight: 0.360kg ISBN: 9780367642655ISBN 10: 0367642654 Pages: 228 Publication Date: 10 June 2021 Audience: College/higher education , Professional and scholarly , Tertiary & Higher Education , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsRisk Governance 1. Emergence of Risk Governance 2. Structures of Risk Governance 3. Assessing and Embedding Risk Culture 4. Incentives and Accountability Part 2: The Risk Management Process 5. Risk Management Process Overview 6. Communication and Influencing for Risk Governance 7. Context, Criteria and Risk Appetite 8. Risk Analysis 9. Risk Treatment 10. Report, Monitor, Review Part 3: Case Studies 11. Volkswagen/Dieselgate Case 12. Commonwealth Bank of Australia/Conduct risk Case 13. Strategic Risk Management 14. Climate Risk 15. Cyber Risk Management 16. Lessons from COVID-19ReviewsAuthor InformationElizabeth Sheedy is a professor and risk governance expert based in the Department of Applied Finance of Macquarie Business School. She teaches courses in the Master of Applied Finance and Global MBA programs. Tab Content 6Author Website:Countries AvailableAll regions |