Detail ERM: Opportunities for Improvement   Oleh:  Beasley, Mark S. ; Branson, Bruce C. ; Hancock, Bonnie V. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 208 no. 3 (Sep. 2009), page 28. Topik: Economic Crisis; Companies; Enterprise Risk Management (ERM) Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.27 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel As the result of fallout from the ongoing economic crisis, failures associated with existing risk management processes are already generating calls for reform and increased regulatory scrutiny. SEC Chairman Mary Schapiro said in an April 2009 speech to the Council of Institutional Investors that “the Commission will be considering whether greater disclosure is needed about how a company—and the company’s board in particular—manages risks, both generally and in the context of setting compensation.” In July 2009, the SEC issued its first response through proposed rules that expand proxy disclosure information about the overall impact of compensation policies on the registrant’s risk taking and the role of the board in the company’s risk management practices. Proposals in Congress call for the establishment of board risk committees composed of independent directors, among other reforms. Credit rating agencies such as Standard & Poor’s have also focused on an organization’s risk management processes, providing an additional incentive for organizations to consider further enhancement of existing risk oversight infrastructure. Without a doubt, expectations for improvements in how boards and senior executives oversee enterprisewide risks are significantly on the rise. The question is whether organizations are currently in a position to respond with more robust, enterprisewide risk oversight. To provide answers to this question, in September 2008 the authors surveyed more than 700 organizations whose 2008 revenues ranged from $14,950 to $115 billion—with a median for the sample of $50 million—to better understand the current state of enterprise risk oversight. This article provides a brief overview of key findings from that research, Report on the Current State of Enterprise Risk Oversight, and identifies potential opportunities to strengthen risk oversight. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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