GRC in Chile - New Challenges blog
MIRAGroup Chile is in charge of development EGRC Concepts in multiples industries in this country. Our first purposes is help companies to understand this new way to manage Risk, Governance and Compliance as an integrated process.
OCEG Announces Standards To Improve Corporate Conduct- OCEG News
news
The OCEG GRC Capability Model™ (also known as Red Book 2.0) sets out practices that will ensure better corporate governance and drive compliance with laws, regulations and company policies. "Red Book 2.0 is a critical tool that will protect and build value in every organization that uses it," says OCEG president, Carole Switzer. More than 200 individuals with expertise in governance, risk management, compliance, ethics, audit and internal controls contributed to the development of Red Book 2.0 and thousands more reviewed it during the open comment period.
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The ERM Current resource Blog OCEG Reviewed
Wheelhouse Advisors LLC is the publisher of The ERM Current™ Blog as well as The ERM Current™, a monthly publication highlighting current trends in Enterprise Risk Management & Control. Wheelhouse Advisors is a professional services firm dedicated to providing cost-effective Enterprise Risk Management & Control solutions to both large and small corporations.
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UK, Association of Insurance and Risk Managers (AIRMIC) resource Organizations & Associations OCEG Reviewed
AIRMIC has a membership of nearly 850 and represents the insurance buyers for about 75% of the FTSE 100, as well as very substantial representation in the mid 250 and other smaller companies. AIRMIC members control about £5 billion annually of insurance premium spend. A further £2billion of premium spend is allocated to captive insurance companies within member organisations. Additionally, members are responsible for the payment of insurance claims from their company finances to the value of at least £2 billion per year.
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Enterprise Risk Management: Tools and Techniques for Effective Implementation (IMA, 2007) resource Guides OCEG Reviewed
This Statement on Management Accounting on ERM, along with the earlier one published by IMA, provides guidance for the leaders of organizations in identifying, assessing, and managing risk, while at the same time growing their business. ERM requires strong commitment from C-level executives and an effective process tailored to each organization’s unique culture.
Institute of Management Accountants
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COSO, Internal Control - Integrated Framework Guidance on Monitoring, Internal Control Systems, Volume III - Application Techniques (Exposure Draft, June 2008) resource Guides OCEG Reviewed
Public Comment Period Closed August 15, 2008
This volume (Application Techniques or Volume III) of COSO’s Guidance on Monitoring Internal Control Systems illustrates techniques used by organizations in applying principles outlined in Volume II (the Guidance).
This material is designed to be useful to those seeking to apply internal control monitoring techniques.
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From internal control to enterprise risk management (2005) resource Articles OCEG Reviewed
A truly comprehensive framework requires five components: (1) the establishment and maintenance of a sound control environment (corporate culture): (2) the regular, ongoing assessment of risk, (3) the design, implementation, and maintenance of control-related policies and procedures to compensate for identified risks; (4) adequate communication; and 5) the regular, ongoing monitoring of control-related policies and procedures to ensure that they continue to function as designed and to ensure that identified problems are handled appropriately.
Government Fi
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Protecting Your Capital Against Risk (2007) resource Articles OCEG Reviewed
ERM is a decision-making process based on principles of risk and reward that spans across all of the firm's operations. When implemented effectively, ERM ensures appropriate capitalization and provides for controlled risk-taking. It positions the firm to take advantage of attractive business opportunities while at the same time identifying and avoiding unattractive pursuits.
CanadianUnderwriter.com (October 2007)
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ERM making inroads but still not mainstream: Study (2007) resource Articles OCEG Reviewed
The push for enterprise risk management has made some progress, but ERM has yet to become part of day-to-day business operations, according to a study released Wednesday by the Conference Board and risk management consultant Oliver Wyman, a unit of Marsh & McLennan Cos. Inc., both based in New York. Moreover, the initiative is failing to catch on in most of the North American companies, the study said.
The report surveyed 271 companies, of which 70% are based in North America.
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