Enterprise Risk Management: From Incentives to Controls (Wiley Finance) - Hardcover

Praise for Enterprise Risk Management, Second Edition

“The concept that it takes a lifetime to build a company but that it takes moments to destroy it is a very valuable mantra for business leaders. The impact of the recent financial crisis brought that perspective into sharp and, for some, painful relief. Companies, however, need to innovate and grow and to take appropriate risks to do so. The joy of James Lam’s new book is that it recognizes the need forinnovation and growth but also acknowledges in a very practical waythe role of the ever-evolving risk framework around that growth. Thebook offers a credible and implementable nexus between growth andrisk control, and as such, will be a highly valued tool for boardsand management everywhere.”
—Rodger A. Lawson, Chairman of the Board of Directors, E*TRADE Financial, Member of the Board of Directors, UnitedHealth Group, Retired President, Fidelity Investments

“All too often, organizations focus on the process of riskmanagement at the expense of incorporating risk management principlesinto the governance, leadership, and management of their enterprises.James Lam is a long-time leader in risk management and hissubstantial experience has enabled him to produce a comprehensive andpractical guide for anyone committed to creating an organizationcapable of effectively evaluating risks versusreturns.”
—Matthew R. Feldman, President and Chief Executive Officer, FederalHome Loan Bank of Chicago

“A key success factor in any ERM program is practical andeffective implementation. In order to provide sustainable, long-termenterprise value, risk management must be integrated into anorganization’s governance model, business analytics, strategic andtactical decisions, and dashboard reporting. Based on his hands-onexperience, James Lam has very clearly outlined and articulated thebest practices and implementation requirements for ERM. I highlyrecommend this book to anyone who is engaged in ERM oversight andimplementation.”
—Paymon Aliabadi, Executive Vice President and Chief Risk Officer, Exelon Corporation