Corporate Value of Enterprise Risk Management: The Next Step in Business Management -- Contents -- Foreword -- Preface -- Acknowledgments -- PART I: Basic ERM Infrastructure -- 1: Introduction -- EVOLUTION OF ERM -- BASEL ACCORDS -- SEPTEMBER 11TH -- CORPORATE ACCOUNTING FRAUD -- HURRICANE KATRINA -- RATING AGENCY SCRUTINY -- FINANCIAL CRISIS -- RARE EVENTS -- LONG-TERM TRENDS -- CHALLENGES TO ERM -- SUMMARY -- NOTES -- 2: Defining ERM -- DEFINITION OF RISK -- DEFINITION OF ERM -- SUMMARY -- NOTES -- 3: ERM Framework -- VALUE-BASED ERM FRAMEWORK -- CHALLENGES OF TRADITIONAL ERM FRAMEWORKS -- VALUE-BASED ERM FRAMEWORK -- OVERCOMING THE CHALLENGES BY USING A VALUE-BASED ERM FRAMEWORK -- SUMMARY -- NOTES -- PART II: ERM Process Cycle -- 4: Risk Identification -- COMPONENTS OF RISK IDENTIFICATION -- FIVE KEYS TO SUCCESSFUL RISK IDENTIFICATION -- RISK CATEGORIZATION AND DEFINITION -- QUALITATIVE RISK ASSESSMENT -- EMERGING RISK IDENTIFICATION -- KILLER RISKS -- SUMMARY -- NOTES -- 5: Risk Quantification -- PRACTICAL MODELING -- COMPONENTS OF RISK QUANTIFICATION -- CALCULATE BASELINE COMPANY VALUE -- QUANTIFY INDIVIDUAL RISK EXPOSURES -- QUANTIFY ENTERPRISE RISK EXPOSURE -- SUMMARY -- NOTES -- 6: Risk Decision -- DEFINING RISK APPETITE AND RISK LIMITS -- INTEGRATING ERM INTO DECISION MAKING -- SUMMARY -- NOTES -- 7: Risk Messaging -- INTERNAL RISK MESSAGING -- EXTERNAL RISK MESSAGING -- SUMMARY -- NOTES -- PART III: Risk Governance and Other Topics -- 8: Risk Governance -- FOCUSING ON COMMON THEMES -- COMPONENTS OF RISK GOVERNANCE -- ROLES AND RESPONSIBILITIES -- ORGANIZATIONAL STRUCTURE -- POLICIES AND PROCEDURES -- SUMMARY -- NOTES -- 9: Financial Crisis Case -- SUMMARY OF THE FINANCIAL CRISIS -- EVALUATING BANK RISK MANAGEMENT PRACTICES -- SUMMARY -- NOTES -- 10: ERM for Non-Corporate Entities -- GENERALIZING THE VALUE-BASED ERM APPROACH.

COMPLEXITIES OF OBJECTIVES-BASED ERM -- EXAMPLES OF NCEs -- SUMMARY -- CONCLUSION -- NOTES -- Glossary -- About the Author -- Index.