Posts Tagged ‘ Hydro One ’

White swan vs black swan

July 29, 2010

I received a nice email from John Fraser the other day, thanking me spreading the good word about ERM through this website. For those of you who are unfamiliar with Mr. Fraser, he co-wrote what I consider to be the best 14 pages ever written about ERM: The Rise and Evolution of the Chief Risk Officer: Enterprise Risk Management at Hydro One. (And there are diagrams and big fonts so it’s actually less than 14 pages.) Mr. Fraser also recently wrote a book with Betty Simkins, Enterprise Risk Management: Today’s Leading Research and Best Practices for Tomorrow’s Executives. I have not read…

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Top 10 Must Read ERM Articles

November 30, 2009

In a survey conducted during the Fall of 2007 by The Conference Board of Canada titled, “Who Reads What Most Often? A Survey of Enterprise Risk Management Literature Read by Risk Executives”, authors listed the top ten articles used by leading ERM practitioners (in order of year published). I’ve reprinted the list here with links to the respective documents or abstracts. It’s no surprise that Mr. Kloman is on this list. For those of you new to the study of risk management, I recommend getting your hands on everything he has written. I’ve re-posted some of his work at riskczar.com…

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A bit more on Hydro One

September 10, 2009

Yesterday I wrote about a Hydro One case study and today I found (completely by accident) an entire chapter dedicated to Hydro One and their ERM effort in Chapter 11 of the book Enterprise Risk Management By David L. Olson, Desheng Dash Wu. You can access a limited preview of this book if you paste this text <<  ERM Outcomes and Benefits at Hydro One  >> to http://books.google.com/ or buy it from your favourite book store.  

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Case study – ERM at Hydro One

September 10, 2009

If I got together with all the other enterprise risk management practitioners and thought leaders, and spend a day filling in an Ishikawa diagram looking for root causes for why ERM has not achieved rock star status (or at the very least SOX status), we would be remiss if we did not identify: “There just are not enough case studies or success stories about ERM implementations.” I know of only one such case study and have been peddling it for the last few years. When clients asked for something more real than consultant speak or COSO ERM gibberish, I shared…

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PwC asks: Does ERM Matter?

September 4, 2009

PwC re-iterates that ERM has become a priority at the board and senior management levels but more work must be done in order to embed ERM into strategic decisions and day to day risk taking. Additionally, risk appetite must be aligned with the business planning process and ERM is not being used to manage emerging risks. Finally, they suggest that the pressure by ratings agencies in the US will drive ERM over the next few years, as will leveraging the efforts of IFRS or Solvency II. This is great news for risk practitioners like the Riskczar who are waiting for…

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