Discussion

Chapter 28 & 29

ERM and Risk M

ini-Case Studies: Part 2

ITS 835 Enterprise Risk M anagem

ent

Professor O ludotun (D

ot) O ni, Ph.D

., CISSP

1

M ini-Case Studies

2

Chapter 28, “The Reluctant G eneral Counsel”

Chapter 29, “Transform ing Risk M

anagem ent at

A kaw

iniCopper”

3

The Reluctant G eneral Counsel

• Business Softw

are Corporation (BSC) •

Silicon Valley, CA •A

nnual revenue over $1 billion •

Board w ants ERM

• U

pper m anagem

ent supports establishing ERM •

EVP of developm ent and general counsel

• D

oesn’t w ant to be involved in ERM

• Risk discussions could be discoverable in law

suits •

U .S. Securities and Exchange Com

m ission (SEC)

• Requires disclosure of risks

• Recom

m endation is to not form

ally pursue ERM

4

A kaw

iniCopper

• A

kaw iniCopper

• M

ining com pany acquired by larger U

nited M inerals

• Single m

ine and plant •

$774 m illion in revenue

• 1,500 em

ployees •

U nited M

inerals im plem

ented ISO 31000

fram ew

ork •

Substantially m ore sophisticated than A

kaw ini’sRM

• Launched project to transform

A kaw

iniRM to ERM

• Fraser, J., Sim

kins, B., & N

arvaez, K. (2014). Im

plem enting enterprise risk m

anagem ent:

Case studies and best practices. John W iley &

Sons

5

Reference