Risk From the CEO and Board Perspective: What All Managers Need to Know About Growth in a Turbulent World What All Managers Need to Know About Growth in a Turbulent World

by McCarthy, Mary Pat; Flynn, Tim

• ISBN13: 9780071434713
• ISBN10: 0071434712
• Edition: 1st
• Format: Hardcover
• Copyright: 2003-12-08
• Publisher: McGraw-Hill Education

Summary

What all managers need to know about growth in a turbulent worldEspecially in these turbulent times, good risk management is about exploiting opportunities for growth while protecting value already created. To do this, corporate leaders must, first and foremost, learn to manage the chain of cause and effect between risk and shareholder value. NowRiskshows them how. As vice chairs of the international consulting giant KPMG L.L.P., authors Mary Pat McCarthy and Tim Flynn are uniquely qualified to offer executives and senior managers this ultimate primer on risk and its optimization and management. Packed with case studies and exclusive interviews with executives of many Fortune 500 companies Explores the most successful risk management strategies now in use internationally and offers prescriptions for adapting them to any company

Author Biography

Mary Pat McCarthy is vice chair of the Information, Communications, and Entertainment Practice of KPMG L.L.P. and is the coauthor of Digital Transformation, Security Transformation, and Agile Business in Fragile Times. Tim P. Flynn is vice president and global head of Assurance at KPMG L.L.P. Both authors live in Mountain View, California.

Table of Contents

Acknowledgments	vii
Introduction	ix
Section I: Companies at Risk	1	(82)
Executive Agenda	3	(28)
The Salt Lake Olympics and Risk's Shifting Sands	31	(26)
Risk in a Modern Global Business Context	57	(26)
Section II: Mitigating Pervasive Risk	83	(66)
Treatment Options	85	(22)
The Numbers Game---Responding to Financial Risk	107	(24)
The Enemy Within---Responding to Operational Risk	131	(18)
Section III: Governing Principles	149	(128)
We the People of the Board	151	(26)
The Audit Committee, Risk and Regulation	177	(28)
Inside Section 404	205	(22)
Internal Control---Insights from the Field	227	(20)
Holistic, Integrated Approaches to Risk Management	247	(20)
The End of the Beginning	267	(10)
Recognition	277	(2)
Bibliography	279	(8)
Endnotes	287	(6)
Index	293