Incentive Compensation—The Critical Blind Spot in ERM Today

Risk Management: Part Four
Incentive Compensation—The Critical Blind Spot in ERM Today

The Joint Risk Management Section of the Society of Actuaries (SOA), the Casualty Actuarial Society (CAS) and the Canadian Institute of Actuaries (CIA), in collaboration with the International Network of Actuaries in Risk Management (IN-ARM), are pleased to release our fourth essay e-book, this time addressing “Incentive Compensation—The Critical Blind Spot in ERM Today.”

• Download Complete Essay e-Book

• Introduction
• 
  The Necessity of Multi-Discipline Risk Management: Transformation of Mindset and Incentive Pay
• By Etti Baranoff

• Enterprise Risk, Enterprise Risk Reward
• By Dennis Barry

• Incentive Compensation and the ERM Person/Actuary
• By Charles A. Bryan

• Managing Risks in Incentive Compensation Plans
• By Karen J. DeToro and Nathan D. Pohle

• Key Considerations for Incentive Design
• By Margaret N. Fleming

• Creating More Tail Risk in the Incentive Compensation Plan as a Risk Mitigation Strategy
• By Joonghee Huh

• Management Is Needed—Not Incentive Compensation
• By Dave Ingram

• Incentive Compensation—The White Swan in Risk Management
• By Minaz H. Lalani

• Incentive Comp Principles
• By William Mech

• Incentives and Systemic Risk: Not Just for Company Executives
• By Max J. Rudolph

• The Entitlement Paradox
• By Russell Sears

• Incentive Compensation/Risk Management—Integration Incentive Alignment and Risk Mitigation
• By Rick Beal, Alex Weisgerber, Claudia Poster and Esther Becker, Towers Watson

• Some ERM Perspectives on Incentive Compensation
• By Alfred O. Weller