WORLD-CLASS RISK MANAGEMENT

PRESENTERS:
RICHARD STEINBERG, CEO, STEINBERG GOVERNANCE ADVISORS, AND A FORMER SENIOR PARTNER OF
PRICEWATERHOUSECOOPERS AND ITS CORPORATE GOVERNANCE PRACTICE LEADER
NORMAN MARKS, SEMI-RETIRED CAE AND CRO, EVANGELIST FOR BETTER RUN BUSINESS AND MENTOR FOR
INDIVIDUALS AND ORGANIZATIONS AROUND THE WORLD

July 16, 2015

OCEG WEBINAR SERIES

Housekeeping

Download slides at
http://www.oceg.org/event/world-class-riskmanagement/
Answer all 3 polls
Certificates of completion (only for OCEG
Premium/Enterprise members and All-Access Pass
holders)
Evaluation survey at the close of the webinar
Archive at Recorded Events on OCEG site

Learning Objectives

Understand how the management of risk can and should be far

more than a compliance exercise; it should contribute to
organizational success
Hear how the management of risk includes seizing opportunities
as well as avoiding hazards - as part of the daily running of
the business
Learn from a primary contributor to the COSO internal control
and risk management frameworks the relationship between
internal control and risk management
Appreciate what makes a risk management activity "worldclass"

What are risk and risk management?

POLL #1
Is risk management something that happens every
day?
a.
Yes, it is embedded into daily decision-making
b.
We assess risk and how it should be managed
on a quarterly basis
c.
We assess risk and how it should be managed
less frequently than quarterly
d.
We dont have a risk management capability
e.
I dont know

Why do so many board members and

top executives believe risk management
is not helping them set and then execute
strategies to deliver value?

POLL #2
Is risk management embedded into decision-making?
a.
Yes, it helps managers make better decisions
every day
b.
It is used in a few areas to make better decisions
c.
It is focused on avoiding harm
d.
We dont have a risk management capability
e.
I dont know

What should the role of the risk officer

be?

Is there value in risk management

maturity models?

What should the board ask about risk

management? Should it review a list of
risks?

What is risk culture?

What is the relationship between risk

management and internal control?

Is the three lines of defense model

helpful?

What is world-class risk management?

How can you assess its effectiveness?
How much is enough?

What is next for risk management?

POLL #3
Are you a paid member of OCEG who is
interested in receiving CPE credit for this event?
A. Yes, I am a paid OCEG member and would
like to receive a Certificate of Completion for
this event
B. No, I am not a paid OCEG member

Questions?