What Is Corporate Risk Management?

This book consists of four parts. The first part introduces the background of risk management and provides a basis for the book. It introduces the background of risk management and provides a basis for the whole book. The second part is the "Comprehensive Enterprise Risk Management Framework", and the third part discusses the application of risk management from two aspects of function and industry. The fourth part, "Looking to the Future," explores new topics in risk management in terms of employees and technology, and ends the book with an interesting story.

Comprehensive enterprise risk management

This book clearly reflects a deep understanding and experience of risk management practice, which is both science and art, and provides an insightful roadmap for best practices in risk management. This book is a must-read for anyone who wants to advance risk management practices in the enterprise.

James Lin graduated with first class honors from Baruch College (1983) with a bachelor's degree in business administration, and then received an MBA from the University of California, Los Angeles with honors (1989). In 2004, he was hired as a senior researcher in risk management by Peking University.

He is the founder and president of James Lam & Associates, a company focused on risk management. James Lin has twenty years of experience in risk management and business management, is one of the early advocates of comprehensive risk management in enterprises, and is known as the world's first "risk management director". Awarded the annual award by the Global Associatiorl of Risk Professionals in 1997

Preface

Thanks

Part I Background and Basic Concepts of Risk Management

Introduction

Benefits of risk management

Alarming event

Chapter 2 Lessons Learned

Lesson 1: Know your business

Lesson 2: Establish inspection and balance mechanisms

Lesson 3: Setting limits and scope

Lesson 4: Always pay attention to cash flow

Lesson 5: Use the right scale

Lesson 6: You have to pay for what you get

Lesson 7: Strive for a yin-yang balance

Chapter III Risk Concept and Risk Management Process

Risk concept

Risk management process

Risk awareness

Risk measurement

risk control

Part II Enterprise Comprehensive Risk Management Framework

Chapter 4 What is Enterprise Comprehensive Risk Management

Benefits of comprehensive risk management in enterprises

Director of Risk (Management)

The composition of enterprise comprehensive risk management.

Chapter V Corporate Governance

code of conduct

Best practice

The relationship between corporate governance and enterprise risk management

Chapter VI Department Management

Relationship between business units and risk management

Main challenge

Best practice

Chapter VII Portfolio Management

Active portfolio management theory

Benefits of active portfolio management

Practical application of portfolio management

Chapter VIII Risk Transfer

A brief history of ART

Advantages of ART

Cons of ART

Future outlook

Case study: Honeywell

Chapter IX Risk Analysis

Risk control analysis

Risk optimization analysis

Market risk analysis

Credit risk analysis

Credit portfolio model

Operational risk analysis

Chapter 10 Data and Technology

Early systems

Data management

Interface creation

Intermediate equipment

Distributed architecture approach

Key factors for successful implementation

Chapter XI Management of Stakeholders

employee

client

business partner

Part III Risk Management Applications

Chapter XII Credit Risk Management

The main concepts of credit risk

Credit risk management process

Requirements of the Basel Accord

Best Practices in Credit Risk Management

Case study: Export Development Corporation (EDC)

EDc "Credit Risk Policy Manual"

EDc Credit Risk Principle Statement

Chapter XIII Market Risk Management

Types of market risk

Market risk measurement

Market risk management

Best Practices in Market Risk Management

Case Study: Market Risk Management at Chase Bank

Chapter XIV Operational Risk Management

Definition and scope of operational risk

Operational risk management process

Best Practices in Operational Risk Management

Case study: Heller Finance

Chapter 15 Commercial Applications

Phase 1: Minimizing disadvantages

Phase II: Management uncertainty

The third stage: performance optimization

Further evolution of risk management

Chapter XVI Financial Institutions

Industry Trends

Deregulation

Risk management requirements

Future outlook

Case study: Canadian Imperial Commercial Bank (CIBC)

Chapter 17 Energy Companies

Industry Trends

Risk management requirements

Future outlook

Lessons from the Enron incident

Chapter 18 Non-Financial Companies

Risk management requirements

Best Practices in Corporate Risk Management

to sum up

Case study: Microsoft (Microsoff)

Part IV Future Outlook

Chapter 19 Prediction

Risk Management Program

Risk Management Technology and Aggregation

Ten predictions

Chapter 20 Eternal Life Finance: A Story About Future Risk Management

index

Postscript