Integrating Corporate Risk Management

Many corporate officers deal with risk, from treasurers and risk managers to CFOs. But since each department faces risks of a different type, risk management in many cases is an ad hoc affair. Prakash Shimpi's vision of integrated risk management not only consolidates the risk-management practices of an entire firm, but also blends capital management and risk management into a single, cohesive framework. This framework is the centerpiece of Shimpi's book, which also provides readers with a comprehensive look at current risk-management practices, old and new tools for managing risk, and likely future developments in the field. While the topic at hand is complex and built of often-unfamiliar jargon, Shimpi manages to present the material in an accessible and engaging manner that will satisfy financial experts but won't intimidate novices. getabstract recommends this book not only to the obvious audience of risk managers, treasurers and c-level executives, but also to mid-level managers and students, who will need an increasingly sophisticated understanding of the topic as risk management becomes an ever-larger component of basic corporate strategy.

Over the years, risk management has developed separately in both the insurance and financial fields. Today, the two are finding value in each others tools and techniques. Integrated Risk Management combines the best of the two notions of risk management, insurance and financial, to develop solutions ideal for tadays complex risk environment. Tools go beyond hedging strategies to also examine leveraging, post-loss financing, contingent financing, and fiversification.

Integrating Performance Management and Enterprise Risk Management Systems offers a novel understanding of the multifaceted shades that surround the long called-for and yet not realised integration between performance management and enterprise risk management systems.

Introduction This book includes terms of reference and offers an augmented volume of relevant work initiated within the comprehensive concept of “Knowledge Management and Risk Governance”. The latter stood for the initial title of an ad-hoc meeting held in Ascona, Switzerland, organized by the Technological Risk Management Unit of the Joint Research Centre of the European Commission (JRC) and the KOVERS Centre of Excellence in Risk and Safety Sciences of the Swiss Federal Institute of Technology, ETH Zurich. Background Risk governance, in addition to the continuous interest of researchers, has recently attracted the attention of policy-makers and the media and the concern of the public. New and emerging risks in various fields and a number of risk-related issues increased the public interest and prompted for a new framework in dealing with risks. The Conference on Science and Governance organized by the European Commission in October 2000 is one of the international forums addressing this issue. Other recent events such as the establishment of the International Risk Governance Council outline the importance of the governance concept in relation to that of risk management (see www.irgc.org). At the same time noticeable progress has been made in Information Technologies and Decision Support, passing from the process of information PREFACE xvi to the process of knowledge. In this context new tools and methods became available, whose application in risk management may be beneficial.

A comprehensive, one-stop reference for cutting-edge research in integrated risk management, modern applications, and best practices In the field of business, the ever-growing dependency on global supply chains has created new challenges that traditional risk management must be equipped to handle. Handbook of Integrated Risk Management in Global Supply Chains uses a multi-disciplinary approach to present an effective way to manage complex, diverse, and interconnected global supply chain risks. Contributions from leading academics and researchers provide an action-based framework that captures real issues, implementation challenges, and concepts emerging from industry studies.The handbook is divided into five parts: Foundations and Overview introduces risk management and discusses the impact of supply chain disruptions on corporate performance Integrated Risk Management: Operations and Finance Interface explores the joint use of operational and financial hedging of commodity price uncertainties Supply Chain Finance discusses financing alternatives and the role of financial services in procurement contracts; inventory management and capital structure; and bank financing of inventories Operational Risk Management Strategies outlines supply risks and challenges in decentralized supply chains, such as competition and misalignment of incentives between buyers and suppliers Industrial Applications presents examples and case studies that showcase the discussed methodologies Each topic's presentation includes an introduction, key theories, formulas, and applications. Discussions conclude with a summary of the main concepts, a real-world example, and professional insights into common challenges and best practices. Handbook of Integrated Risk Management in Global Supply Chains is an essential reference for academics and practitioners in the areas of supply chain management, global logistics, management science, and industrial engineering who gather, analyze, and draw results from data. The handbook is also a suitable supplement for operations research, risk management, and financial engineering courses at the upper-undergraduate and graduate levels.

Risk Management in Organizations sets the world of risk management in the context of the broader corporate governance agenda, as well as explaining the core elements of a risk management system. With a detailed array of risk management cases, lecturers and managers will find this a uniquely well researched resource.