The Conference Board Identifies Emerging Corporate Governance Practices in Enterprise Risk Management
U.S. Newswire › February 15, 2007
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To: NATIONAL EDITORS
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The Conference Board Identifies Emerging Corporate Governance Practices in Enterprise Risk Management
NEW YORK, Feb. 15 /PRNewswire/ -- As the oversight role of the corporate board in Enterprise Risk Management (ERM) expands, companies feel the need to fill a knowledge gap on effective risk governance practices, according to a major new study released today by The Conference Board.
"The concept of correlating risk management and strategy in an enterprise-wide structure first appeared in the midst of merger frenzy in the late 1980s," says Dr. Matteo Tonello, a corporate governance expert at The Conference Board and author of the study. "At the time, many executives and strategists acknowledged that the enormous amount of risk undertaken through a series of corporate combinations was often not justified by a sound analysis of long- term prospects. In the 1990s, the debate continued and increasingly drew the attention of the business community, only to be obfuscated by the more exclusive focus on financial risks resulting from the scandals of the Enron era. A few years into the implement...See the full content of this document
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