Chief Risk Officer & Enterprise Risk Management – How to Expect Unexpected



Year of publication 2012
Type Article in Proceedings
Conference Proceedings of the 1st International Internet & Business Conference
MU Faculty or unit

Faculty of Economics and Administration

Field Management and administrative
Keywords risk management; risk management process; chief risk officer; CRO; ER;
Description The recent crisis has highlighted many failures in traditional economics attempt to explain the way how market behaves. Hereby I would try, primarily using the theoretical approach, to bring you closer problematic and actuality of Chief Risk Officer and Enterprise Risk Management. One of the goals of the following few pages is to emphasize importance of these two categories and the increasing relevance of aforementioned. The objective of risk management is to reduce different risks related to a pre-selected domain to an acceptable level. Recent surveys showed that 39 % of the companies have already introduced CRO position. The question is should the rest follow them? Further, ERM system considers a variety of risk and their influences on overall firm’s performance. Which specific benefits could the company expect of introducing ERM?

You are running an old browser version. We recommend updating your browser to its latest version.