In his presentation at the ERMA Asia Pacific Risk Management Conference 2011, Dr. Maassen is referring to a number of (open-source) materials. The presentation and links to supporting documentation are available on this website.
Integrated Risk Management: Implementation Guide
Dr. Maassen refers to a document published by the Canadian Government: Integrated Risk Management: Implementation Guide.
It is practical and useful guide for Executives, Board of Directors and risk management professionals.
The guide is available in the public domain and can be used by organizations free of charge. This sets aside this guide from proprietary risk management standards which are not available for free on the Internet.
This guide provides practical advice to those leading and facilitating implementation of
integrated risk management in their organizations. It will be useful as well in increasing
understanding and collaboration where needed. Risk champions familiar with the
IRMF can look to the guide for what to do next. The guide is also a reference tool for
assessing progress and identifying gaps in organizations where integrated risk
management is already underway.
Integrated Risk Management: 2004 Implementation Guide
A new Framework for the Management of Risk (the Framework) is effective as of August 27, 2010.
The Framework will be supported by learning resources, which will replace the Treasury Board Integrated Risk Management Framework (2001) and the Integrated Risk Management Implementation Guide (2004).
You can download the 2010 framework and 2004 the guide at the bottom of this article where you find more documents and the presentation.
From the Implementation Guide:
Following the introductory material and tips for getting started, the guide is divided into four sections, reflecting the four elements of the IRMF (Integrated Risk Management Framework):
- Developing the Corporate Risk Profile;
- Establishing an Integrated Risk Management Function—Integrating Risk Management into Existing Decision–making Processes and Reporting;
- Practising Integrated Risk Management; and
- Ensuring Continuous Risk Management Learning.
For ease of reference, these sections contain common sub-sections offering practical advice and examples:
- The Fundamentals. What every organization needs to establish the particular IRMF element under discussion.
- How to Do It. Approaches, practices, tools, and processes based on what has worked for organizations in the process of implementing integrated risk management.
- Questions to Consider. What to consider in tailoring integrated risk management implementation to reflect the unique characteristics (mandate, readiness, size) of the organization, its culture, and its work environment.
- Examples. Cases to illustrate how organizations implemented integrated risk management and sources of additional information, tools, techniques, and templates to help to get started and address issues and challenges as implementation proceeds.
Corporate Governance Codes
The corporate governance codes used in Dr. Maassen's presentation at the ERMA Asia Pacific Risk Management Conference 2011 are available below. If you are interested in a complete overview of corporate governance codes, please visit the repository maintained by the ECGI.
Overview Enterprise Risk Management and Corporate
Governance Codes (2010-2011)
Some codes were not analyzed because they were drafted for specific sectors and/or were not available in English. Codes were analyzed as of 30 September, 2011.
Links to documents
The presentation refers to several documents. Below are the links to the documents on the Internet:
- A Risk Management Standard © AIRMIC, ALARM, IRM: 2002 - "This Risk Management Standard is the result of work by a team drawn from the major risk management organisations in the UK - The Institute of Risk Management (IRM),The Association of Insurance and Risk Managers (AIRMIC) and ALARM The National Forum for Risk Management in the Public Sector." Click here to download the document.
- Coso 2004: Enterprise Risk Management — Integrated Framework Executive Summary September 2004. Click here to download the executive summary of the document.
- Mori Research 1999, 2003, 2009, 2011: Click here to go to the archives of Mori Research.
- The list of trading losses of the equipment of USD 100,000,000 or higher disclosed in the media since 1974.
- Conference Board Risk Management Survey 2006. An archive of the publications by the conference board is available here.
- 2010 Coso study with the ERM Initiative at North Carolina State University. Click here to download the document.
- 2010 Coso study with Protiviti. Click here to download the document.
- 2011 Accenture study. Click here to download the document.
- 2010 KPMG study. Click here to download the document.
- Risk Management and Corporate Governance - Richard Anderson & Associates. OECD (Year unknown – published after the financial crisis). Click here to download the document.
- Corporate Governance and the Financial Crisis: Key Findings and Main Messages JUNE 2009 OECD. Click here to download the document.
Download the codes, the presentation and other documents
The presentation key will be made available to conference participants in December 2011!
|Current folder: Corporate Governance and Risk Management - Indonesia 2011|
|File name||Size||Last changed|
|Corporate Governance Codes|
|Integrated Risk Management Implementation Guide.pdf||917 KB||14/10/2011 14:29:43|
|Indonesia Risk Management Presentation 2011 - Dr Gregory F. Maassen Internet.pptx||3,67 MB||06/12/2011 21:44:11|
|Framework for the Management of Risk 2010 Version.txt||15,7 KB||08/11/2011 04:50:50|
License Text - Integrated Risk Management: Implementation Guide
"Information on this Web site has been posted with the intent that it be readily available for personal or public non-commercial use and may be reproduced, in part or in whole, and by any means, without charge or further permission, unless otherwise specified.
Users are required to:
- Exercise due diligence in ensuring the accuracy of the materials reproduced;
- Indicate both the complete title of the materials reproduced, as well as the author organization; and
- Indicate that the reproduction is a copy of an official work that is published by the Government of Canada and that the reproduction has not been produced in affiliation with, or with the endorsement of the Government of Canada.
Unless otherwise specified, this authorization is also applicable to all published information regardless of its format."
|AS/NZS ISO 31000:2009 Next→|
- AS/NZS ISO 31000:2009
- IRM - AIRMIC - PRMA Risk Management Standards
- AS/NZS 4360:2004
- ITGI Risk IT Framework 2009 (COBIT)
- COBIT 4.1 2009
- COSO 2009 Guidance on Monitoring Internal Control Systems
- COSO 2004 Enterprise Risk Management — Integrated Framework
- COSO 1992 Internal Control — Integrated Framework
- ISO/IEC Guide 73- Risk Management – Vocabulary
- ISO 31000 Risk Management