Corporate Risk Management - Hardcover

Über die Autorin bzw. den Autor

Dr Tony Merna, BSc, MPhil, PhD, graduated with a Master of Philosophy degree from UMIST for his work on risk management in corporate organisations. Tony then gained a Doctor of Philosophy degree from UMIST for his research into the assessment of risks in portfolios of projects. Tony is currently working for a London based Investment Boutique focusing in Structured Finance; more specifically infrastructure.

Dr Faisal F. Al-Thani, BSc, MSc, PhD, is Senior Director and Head of Business Development – Middle East for Maersk Oil Qatar. A petroleum engineer by profession, he has over 21 years’ experience in the planning, design, operation, maintenance and finance strategies of oil and gas projects. Faisal is also a board member of the Marsh International Risk Council.

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Risk management is one of the most important issues facing organisations today. With an increasing pace of change, customer demands and market globalisation, having a process in place to identify, assess and manage major business risks is essential to survive in today’s market. Getting the balance right is key; the opportunities are as important as the threats.

Fully updated from the first edition, this book compares and contrasts tools and techniques used in risk management, showing readers how to implement a generic risk management mechanism. Including up-to-date guidance on new regulations in corporate governance, updates on the Turnbull and Sarbanes Oxley acts, and the Higgs report and European legislation, the book presents a fully updated and expanded model framework for analysing risk at corporate, strategic business and project levels.

Typical risks affecting organisations – including pension-related issues associated with equity risk – are discussed, along with sections on the evolution of risk management and its processes, corporate and project finance, portfolio risk management and cash flow analysis. There are also fully updated and expanded sections on financial modeling – especially the use of Excel as a powerful financial tool – and derivatives, including interest rate, RPI swaps and foreign exchange.

Combining theory with practical examples and case studies – including interviews with over 90 corporate organisations in the UK and overseas – this book is an essential guide to the commercial aspects of risk management and its implementation, at all levels of an organisation.

Aus dem Klappentext

"Corporate Risk Management is one of those books that when you have it, you wonder how you managed without it. In the second edition the authors have taken the opportunity to update the text, to add minor, but important, elements and, most obviously to add several extra chapters. The minor extensions of the work illustrate the authors' attention to detail and their intention to produce a definitive document that explains even the more complex issues with a clarity that is to be commended. I recommend it to everyone from students to senior managers."

M.J. Mawdesley, Director of Nottingham Centre for Infrastructure, The University of Nottingham

"A well written and informative study into the risk analysis of corporates and projects, with considerable real world relevance. A helpful insight for industry practitioners."

Matt Toolan, Head of Infrastructure, AIB Capital Markets

"An excellent foundation in corporate risk management for both practitioners and academics. The book covers all aspects of risk management at each level of an organisation and discusses risks associated with financing, as well as managing investments and portfolios of investments."

Professor Denise Bower, Professor of Engineering, Project Management School of Civil Engineering, University of Leeds

"Merna and Al-Thani drive home the message that a corporate risk strategy is essential for business survival in our ever challenging dynamic environment. They not only provide the reader with an essential toolkit to manage risk at the corporate, business and project levels, but also offer practical tips to enhance stakeholders understanding and awareness of risk inherent within any form of investment."

Brian McCarthy, BA (Dist.) MBA (Dist.) FCCA