World-Class Risk Management

What is world-class risk management? Why do so many top executives and board members have difficulty seeing how enterprise risk management makes a positive contribution to the success of the organization? Norman Marks is recognized as a global thought leader in risk management. He is an Honorary Fellow of the Institute of Risk Management and a Fellow of the Open Compliance and Ethics Group. A prolific blogger, author of three previous books and multiple award-winning articles, and a speaker at conferences and seminars around the world, Norman Marks is an original thinker with a business rather than a technical risk management perspective. Norman considers these key questions and provides his insights, focusing on the need to make the management of risk a key ingredient in decision-making and the running of the business. He considers not only how risk relates to objective and strategy-setting, but discusses each risk management activity from identifying to treating risk - as an integral part of day-to-day management rather than a separate, periodic exercise. The book includes a challenging and thoughtful foreword by Grant Purdy, one of the pioneers and highly-respected risk management leaders. Expert reviews include Whether you are a manager, an assurance provider or a risk management professional, the way Norman has written this book and the good sense it contains should cause you to rethink your understanding of risk and how you go about recognising and responding to it. - Grant Purdy I found World-Class Risk Management an engaging and interesting read. Fair warning: This is not a text book; it is a point-of-view book. If you are only interested in preserving the status quo, I advise you to put this book down Now But if you welcome a challenge to your view as to how risk management should function, I encourage you to let Norman take you on a journey to world-class risk management. These changing and disruptive times require that we constantly up our game. - Jim DeLoach In the last 6 years, Norman has evolved and challenged narrow minded views of risk management that have a bureaucratic audit or compliance-focus approach as well as academic thoughts that do little to increase the performance of an organization and create value. Today, he has gathered his current state of knowledge in risk management in his new book exploring, reviewing and questioning the concept of World-Class Risk Management with references to the internationally-adopted ISO 31000 risk management standard. - Alex Dali