CIMA

Excellence In Leadership Issue 1 front cover

Welcome to the
March 2009 issue
Strategic risk management

Identifying, assessing and measuring the challenges and opportunities of enterprise risk

The contents of this issue are listed below and a selection of articles are available for you to download in full.

Foreword

Charles Tilley, Chief Executive, CIMA

Vital Statistics

Key figures and findings, plus the latest sound bites

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Managing opportunities and risks

What are the major duties of CFOs in the current environment in forming a risk management strategy? How has this changed in the last six months? Why are strategic risks so different from operational risks?		Alexa Michael CIMA

Why are strategic risks so different from operational risks? How can they potentially bring down your whole business and how can using a strategic scorecard as a tool help you to identify strategic risks?		Helenne Doody & Gillian Lees CIMA

The finance director and risk

Is business in danger of allowing compliance to take precedence over growth?		Andrea Giubboni Finance Director UK & Ireland Indesit Company


How should the CFO strategically manage risk and not simply mitigate it? How can the CFO work to re-shape the treasury functions in this environment?		Michael Monahan EVP and CFO Pitney Bowes

Financial soundness

How can the CFO best prepare disclosure compliance for financial and prudential regulatory reporting? How can financial soundness oversight affect your company?		Barbara Ridpath CEO International Centre for Financial Regulation

Reforming management risk

Is the end of the dominance of the Anglo-American management style in sight, hastened by the current economic crisis? Are European corporatist management models combined with the subtly different corporatism of Asia the rising model? So what changes would this mean in terms of strategic risk management?		James Fleck Dean Open University's Business School

Communicating risk

Effective internal communications strategies during times of recession. The uncertainty created by periods of economic downturn can impact severely on staff motivation and engagement levels, continuing to have a negative influence even after recovery has started. What are some of the key strategies that CFOs can employ to reduce staff stress and maintain a positive outlook amongst employees through effective internal communications?		Paul Brasington Chairman CiB (British Association of Communicators in Business)

The credit crunch and economic recession will increase pressure on boards seeking approval for already contentious issues such as remuneration and option plans, capital increases and the adoption of anti-takeover measures. Higher levels of voting participation, particularly from international shareholders, will add to this pressure as it will result in greater levels of negative voting. In the coming year, how can companies adopt optimal communication strategies and sources of intelligence to mitigate any risk and increase the likelihood of successful annual and extraordinary general meetings?		Richard Carpenter Managing Partner Merchant Group LLP

ERM strategy

How effective enterprise risk management can offer organisations the chance to improve decision-making and strategy?		John Hurrell chief executive AIRMIC (The Association of Insurance and Risk Managers)

Investment risk

Is now the time to take calculated risks? As the world slips deeper into recession and emerging markets look increasingly vulnerable to a protracted slowdown, attractive valuations of certain assets must be weighed against the risks stemming from a global recession. What is the best course of investment strategy to take in an environment still undermined by a number of new risk factors?		Brian O'Reilly Head of Wealth Management Research UBS UK

What lessons can be learnt from banks about performance related pay and the need to match to risk appetite and risk measures to remuneration systems?		Margaret Woods CIMA

Also in the next edition:

Human capital Improving your business through an innovative diversity strategy Leading your finance team through times of organisational change – what are the most effective tools for behavioural change?		Ian Powell UK chairman & Sarah Churchman director diversity and inclusion of PwC

Human capital What are the biggest challenges to organisations in remaining ‘employers of choice’ in the current economic climate? In terms of employee engagement – how can firms keep doing the right things in a business recession?		Alison Platt Business development director BUPA

Responsible business The Carbon Reduction Commitment (CRC) – what will its impact be to large corporates?		Caroline Ramsay UK Finance Director RSA

Outsourcing/BPO Outsourcing in the current economic climate: key challenges, key obstacles		Zarin Patel CFO BBC

Plus, exclusive comment from:		Carly Fiorina Former President, CEO & Chairman Hewlett Packard Carol Bartz Executive Chairman of the Board and former CEO Autodesk, Inc

All editorial contributors are subject to change

Company Insights

Aon eSolutions
EDF Energy
IBM
ICit Business Intelligence
Echo Research
Gartner


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