Post Executive Education Session Summary: ERM for Nonfinancial Institutions

In our environment of continuing economic uncertainty, attention to risk at the Enterprise Level is important. On May 23, The Risk Institute at The Ohio State University, Fisher School of Business presented, as part of its 2017 Executive Education series, the topic, “Enterprise Risk Management (ERM) for Nonfinancial Institutions”.

This session presented options for businesses just getting started with ERM, businesses trying to improve their current process or those managing economic and business disruptions. The political and economic spheres have ushered in disruptions across the business environment landscape. There is no better time than now to develop and enhance your firm’s enterprise risk management process.  Our session brought to the forefront leading academic work within the ERM space, tools that are being developed to facilitate a smoother process, along with real-world examples of programs currently in place. Our speakers provided applicable examples highlighting the ERM Journey from their industry perspective and how senior leadership approached the challenge.

The session raised conversation with regard to Enterprise Risk Management processes and risk mitigants that businesses can take. Participants involved themselves in a “Think Tank” exercise facilitated by founding member, EY. That facilitated exercise created the opportunity to review a tool that is in place to extend the ERM risk mapping challenges from spreadsheets to a much more user-friendly and interactive process for businesses.

Session leaders, Professor Bernadette Minton, Chair, Fisher College of Business Department of Finance, The Ohio State University; Tammy Izzo, EY Central Region Government and Public Services Leader; Nick Kaufman, Director of Risk Management, Battelle Memorial Institute, Columbus, Ohio and; Ray Roshek, Director of Risk Management and Employee Benefits, Lancaster Colony Corporation collaborated to provide insight into:

  • ERM and the Current Environment
  • Targeted Risk Management for the Current Political Climate
  • Leveraging Risks and Values
  • Investing in ERM: Motivating your Company

The session emphasized how our member companies are going about proactively using risk management tools and methodology to balance the risks related to Enterprise Risk Management in order to meet business goals and enhance business performance.

The session provided thought provoking ideas and advanced The Risk Institute’s unique role in uniting industry thought leaders, academics and highly respected practitioners in an ongoing dialog to advance the understanding and evolution of risk management. The Risk Institute’s conversation about risk management is open and collaborative with its relevance across all industries and its potential for competitiveness and growth.

 

 

Executive Education Session Next Week: ERM for Nonfinancial Institutions

Photo by Jay LaPrete
©2016 Jay LaPrete

In an environment of continuing economic uncertainty, attention to risk at the Enterprise Level is important. On May 23, 2017, The Risk Institute at The Ohio State University Fisher College of Business will be presenting, as part of its Executive Education series, the topic “Enterprise Risk Management (ERM) for Nonfinancial Institutions”.

Whether you are just getting started with ERM, or trying to manage the myriad of economic and business disruptions, or want to learn how you may improve your current process, this session is for you. The political and economic spheres have ushered in disruptions across the business environment landscape. There is no better time than the present to develop or enhance an enterprise risk management process.

The session will raise conversation with regard to the Enterprise Risk Management processes, but will also look at risk mitigants that businesses can take.  Our session will bring together thought leadership from academia, consulting and corporations to discuss the latest ideas and trends within ERM.

Session leaders, Professor Bernadette Minton, Chair, Fisher College of Business Department of Finance, The Ohio State University; Tammy Izzo, EY Central Region Government and Public Services Leader; Nick Kaufman, Director of Risk Management, Battelle Memorial Institute, Columbus, Ohio and; Ray Roshek, Director of Risk Management and Employee Benefits, Lancaster Colony Corporation will collaborate to provide insight into:

  • ERM and the Current Environment
  • Targeted Risk Management for the Current Political Climate
  • Leveraging Risks and Values
  • Investing in ERM: Motivating your Company

The session will emphasize how to proactively use risk management to balance the risks related to Enterprise Risk Management in order to meet business goals and enhance business performance.

The session will provide thought provoking ideas and advance The Risk Institute’s unique role in uniting industry thought leaders, academics and highly respected practitioners in an ongoing dialog to advance the understanding and evolution of risk management. The Risk Institute’s conversation about risk management is open and collaborative with its relevance across all industries and its potential for competitiveness and growth.

 

 

Upcoming events at the Risk Institute

Executive Education Series:
On September 10, 2014, Dr. Keely Croxton, Associate Professor of Logistics at The Ohio State University Fisher College of Business will be leading a session on supply chain resilience.  This three and a half hour session will focus on the identification, measurement and management of supply chain risks and be a great opportunity for firms at all stages of development in the risk management spectrum.  This exec ed session costs $495 and is geared toward senior executives and business unit leaders charged with driving growth and creating value while managing risk.

Morning Briefing Series:
On September 30, 2014, Dr. Zahn Bozanic, Assistant Professor of Accounting at The Ohio State University Fisher College of Business, will discuss how “big data” is being used to help facilitate regulatory compliance of firms’ external financial reports. This research has been featured in Forbes and CFO.com.

The Risk Institute Launch Event and Conference:
On October 22-23, the Risk Institute will be hosting it’s launch event and conference where several leading academic and practitioners will be taking the ‘conversation about risk’ to the next level and examining a variety of aspects that relate to all aspects of risk management.  This cross functional event will cover aspects including financial, reputational, supply chain, cyber security, regulatory and more.