erm dis 13
winterishere
ITS835_Chapter_2829.pptx
ITS 835
Chapters 28, 29
Mini-Cases on ERM and RIsk
Enterprise Risk Management
Overview
Collection of four mini-cases 2 mini studies are covered in this PowerPoint 28,29
Leaves open ended questions
Presents real life situations
And needs for ERM
Mini-Cases
The Reluctant General Counsel
Transforming Risk Management at Akawini Copper
Make sure each case.
They are really short and easy to read cases
As you are reading the cases:
Keep in mind how an d why ERM is needed?
The challenges as part of the ERM implementation
How the process might be related to each other
2
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
What are the risk of informally addressing ERM ?
Transforming Risk Management at Akawini Copper
Akawini Copper
Mining company acquired by larger company: United Minerals
Single mine and plant; 50 miles from the coast.
$774 million in revenue
1,500 employees
United Minerals implemented ISO 31000 framework
Substantially more sophisticated than Akawini’s Risk Management program.
Launched project to transform Akawini RM to ERM
Study around the transformation of Akawinis’ risk management to follow United Minerals risk management framework.
