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2017 The State of Risk Oversight Report: An Overview of Enterprise Risk Management Practices

The Conference Board of Canada, May 4,2017 at 2:00 PM EDT
Live Webinar

While the number of organizations with more mature Enterprise Risk Management processes has increased in recent years, a significant majority still believe that their systems are falling short of being ‘complete’ or sufficiently formal.  This is one of the key findings of a US study carried out by North Carolina State University’s (NC State) Enterprise Risk Management Initiative in partnership with the American Institute of CPAs.  This webinar will be presented by Bonnie Hancock and Mark Beasley, who lead the ERM Initiative, which is based at the NC State’s Poole College of Management. It will explore the results of the recently-released, eighth annual report on the State of Risk Oversight. Based on responses from 432 business executives from different industries and a variety of organizations, the report provides a unique perspective on the current maturity of enterprise risk management in US organizations.  

Webinar Highlights

In this 60-minute webinar, Bonnie and Mark will present the survey results and provide insights into:

  • The complexity of the risk environment
  • The maturity of enterprise risk management programs
  • The state of integration of enterprise risk management and strategy
  • The involvement of senior management in enterprise risk management
  • The future of enterprise risk management

And they will share some lessons from the survey for Canadian organizations.

About Bonnie

Bonnie Hancock is the executive director of the Enterprise Risk Management (ERM) Initiative. She also teaches in the graduate program in the Poole College of Management. Bonnie’s background includes executive positions at both Progress Energy and Exploris Museum, including service as president of Progress Fuels, senior vice president of finance and information technology, vice president of strategy and vice president of accounting and controller. She currently serves on the following corporate boards: AgFirst Farm Credit Bank where she chairs the risk policy committee, Office of Mortgage Settlement Oversight where she chairs the audit committee, and Powell Industries, a publicly traded company based in Houston, Texas, where she serves on the compensation committee. Bonnie brings unique insights on boards and executive management as well as practical perspectives on managing risk across increasingly complex global enterprises.

About Mark

Mark Beasley, Deloitte Professor of Enterprise Risk Management, is the founding director of the Enterprise Risk Management (ERM) Initiative at NC State’s Poole College of Management. From 2004-2011, Mark served on the board for the Committee of Sponsoring Organizations of the Treadway Commission and has participated in a number of other national level risk management initiatives. He served on the Advisory Council that helped develop COSO’s 2004 Enterprise Risk Management – Integrated Framework and he is now serving on the COSO Advisory Council that is working on an update revision to that framework, which was released as an Exposure Draft in June 2016. Mark has authored over 100 articles, monographs, thought papers, and books, and he frequently works with organizations helping them advance the maturity of their ERM processes.

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