Category Archives: Uncategorized

Whistleblower at Glaxo Smith Kline

Posted on January 4, 2011 by Kristina

On Sunday, January 2, 2010, 60 Minutes start the year off with the sensational story of Cheryl Eckard, the GlaxoSmithKline whistleblower whose courage and persistence led to one of the largest “qui tam” cases ever against a corporation for defrauding … Continue reading →

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Human Element of ERM

Posted on December 8, 2010 by Kristina

Over the past decade, risk management became more about quantitative models and less about behavioral models. Unfortunately, as we discovered during the recent financial crisis, even the best quantitative models cannot predict the result of misguided behavior. In this week’s … Continue reading →

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Assessing Systemic Risk

Posted on November 19, 2010 by Kristina

New York University’s Stern School of Business hosted a conference yesterday to discuss how systemic risk should be addressed under the Dodd-Frank Act.  One of the presenters at the conference, Stanford Finance Professor Darrell Duffie, proposed a new approach for … Continue reading →

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BP Recognizes No ERM Program

Posted on November 12, 2010 by Kristina

Unlike the waters of the Gulf of Mexico, the need for companies to have robust enterprise risk management (“ERM”) programs became crystal clear during an interview of former BP CEO Tony Hayward aired this week by the BBC. Here’s some … Continue reading →

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ERM Improves Organization’s Image

Posted on October 27, 2010 by Kristina

A recent report by the Aberdeen Group reveals the concerns of executives today and their interest in developing Enterprise Risk Management (“ERM”) programs. The report includes survey results from 213 finance executives regarding their views of ERM.  One of the … Continue reading →

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