Abstract Purpose – The purpose of this paper is to explore the proposition that corporate social responsibility reporting could be viewed as both an outcome of, and part of reputation risk management processes. Design/methodology/approach – The paper draws heavily on management research. In addition, an image restoration framework is introduced. Findings – The concept of reputation r…
The underlying premise of enterprise risk management is that every entity exists to provide value for its stakeholders. All entities face uncertainty, and the challenge for management is to determine how much uncertainty to accept as it strives to grow stakeholder value. Uncertainty presents both risk and opportunity, with the potential to erode or enhance value. Enterprise risk management …
EXECUTIVE SUMMARY Managements of some companies and other entities have developed processes to identify and manage risk across the enterprise, and many others have begun development or are considering doing so. While considerable information on enterprise risk management is available, including much published literature, no common terminology exists, and there are few if any widely accepted pr…
The field of enterprise risk management (ERM) was born from corporate scandals early in this century. COSO published its Integrated Framework in 2004, outlining eight ERM components that, when present and functioning effectively, provide reasonable assurance an organization will meet its objectives. Since then, organizations have been increasingly urged to adopt risk oversight practices, wit…
By now it has been clear that urgent action is needed if we are to avoid a global water crisis. Despite the vital importance of water to all aspects of human life, the sector has been plagued by a chronic lack of political support, poor governance and underinvestment. As a result, hundreds of millions of people around the world remain trapped in poverty and ill health and exposed to the risks o…
PREFACE This guide is a catalogue of ideas, information, services and material available to those interested in energy conservation. It is intended to stimulate food and beverage processor's interest in energy conservation and give information on how to get an energy management program started. More specific information is available and advice should be sought from qualified engineering st…
The main objective of the paper is to discuss how indicators and metrics can be used in risk management. In introduction, there are presented some general ideas about enterprise risk management and its implementation using key risk indicators (KRIs). In Section, there are presented several definitions for KRI and the steps which must be followed for implementing a set of KRI. In Section 2, it i…
The field of business policy/strategic management has offered a variety of frameworks and concepts during the last half century, many aimed at “taking business and its management seriously.” Research conferences and resulting books and journals have provided intellectual momentum, augmented by stimulation from challenges to “conventional wisdom” experienced in the global market. Almost …
This project was commissioned by COSO, which is dedicated to providing thought leadership through the development of comprehensive frameworks and guidance on enterprise risk management, internal control, and fraud deterrence designed to improve organizational performance and governance and to reduce the extent of fraud in organizations. COSO is a private sector initiative, jointly sponsored…