Introduction

D. L. Olson and D. Wu
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D. L. Olson: University of Nebraska
D. Wu: University of Toronto

Chapter 1 in New Frontiers in Enterprise Risk Management, 2008, pp 3-6 from Springer

Abstract: Enterprise risk management (ERM) developed in the mid-1990s in industry, with a managerial focus. There are over 80 risk management frameworks reported world-wide, to include that of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) 2004. COSO is a leading accounting standards organization in the U.S. ERM is a systematic, integrated approach to managing all risks facing an organization. It focuses on board supervision, aiming to identify, evaluate, and manage all major corporate risks in an integrated framework. It was undoubtedly encouraged by traumatic recent events such as 9/11/2001 and business scandals to include Enron and WorldCom.

Keywords: Supply Chain; Credit Risk; Probabilistic Neural Network; Credit Derivative; Risk Management Process (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1007/978-3-540-78642-9_1

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