Description: This paper examines the concept on an Enterprise Risk Management Office, ERMO, and is investigated relative to the project management office, PMO, another enterprise-wide entity that has evolved in corporations. Guidelines and best practices for an ERMO are also suggested. From 2006 Enterprise Risk Management Symposium, M-AS06-1.

Description: This article discusses key considerations to build an incentive compensation program.

Description: There is a tendency for people not to question favorable information and assumptions, especially when bonuses and performance reviews are based on these positive results. This paper reviews this tendency and suggests protocols for mitigating it. Part of the essay collection "Risk Metrics for Decision Making and ORSA"

Description: Many top-performing businesses aren’t just risk aware, but rather risk intelligent. Such a posture helps prepare companies for a major event and can demonstrate to a regulator or auditor that an appropriately strong control framework is in place. Better still, companies gain real strategic value from a “risk adjusted” understanding not only of their threats and vulnerabilities, but also the upside opportunities associated with various risks. It starts with having both qualitative and quantitative information to identify, assess and manage risks. Strategic risk management, at its core, is about creating value by increasing transparency and accountability, and quality of information. More than a mere compliance exercise, effective risk management enables more informed strategic decision making, increased accountability and transparency, a greater likelihood of organizational success, and – ultimately – competitive advantage, as borne out by many studies that correlate risk management and financial results.

Description: Essays advocating for incentive compensation linked to the level of risk in an organization.

Description: Digests of following discussions: 1. Mutual life insurance companies - their objectives and operating philosophy 2. State, provincial, and municipal employee pension plans - financing and other problems 3. Mortality and underwriting of individual policies for large amounts 4. Investing during the 1970's 5. Long-range viability and regulation of corporate pension plans 6. Forecasting the environment for business 7. Liabilities and surplus in the 1970's 8. Changing modes of family life - work and income over the life cycle 9. The role of the actuary in collective bargaining 10. Health insurance in the United States 11. Adjusted earnings

Description: A discussion of Actuarial Aspects of Section 404 of Sarbanes-Oxley

Description: Essays advocating for incentive compensation linked to the level of risk in an organization.

Description: Reminding that incentive compensation needs to hit the target on average, needs to have variability related to the level of control over company’s fortune and ensure people are participating.

Description: Comments on Robert North’s paper, a real case study of disclosing MVL in a public employee retirement system.