mini case studies on erm and risk
E_RK
chapter28-29.pptx
Chapter 28-29
ERM and Risk Mini-Case Studies – Part 2
Mini Case Studies
Chapter 28, “The Reluctant General Counsel”
Chapter 29, “Transforming Risk Management at Akawini Copper ”
The Reluctant General Counsel
Business Software Corporation (BSC)
Silicon Valley, CA
Annual revenue over $1 billion
Board wants ERM
Upper management supports establishing ERM
EVP of development and general counsel
Doesn’t want to be involved in ERM
Risk discussions could be discoverable in lawsuits
U.S. Securities and Exchange Commission (SEC)
Requires disclosure of risks
Recommendation is to not formally pursue ERM
Akawini Copper
AkawiniCoppe
Mining company acquired by larger United Minerals
Single mine and plant
$774 million in revenue
1,500 employees
United Minerals implemented ISO 31000 framework
Substantially more sophisticated than Akawini’s RM
Launched project to transform Akawini RM to ERM
