Today's enterprises face the daunting task of complying with an increasing number of intricate and constantly evolving laws and regulations. While some individual regulations such as Basel II or the USA Patriot Act necessitate the use of risk-based approaches to achieve compliance, the heightened cost and risk of compliance activities have resulted in a general tendency of enterprises to integr...

Since 2005, when the European Union Emissions Trading Scheme (EU ETS) launched, green adoption in business and industry has been marred by fraudulent carbon credits, VAT swindlers and carbon cowboys, inefficiencies of a nascent market, and not least of all by legislative uncertainty. The disrepute afforded by these examples hindered low carbon growth and deterred emerging business models from a...

For the organizational specialty of a virtual enterprise, the enterprise faces more complicated risk management problems than those in the traditional enterprise. So, to analyze the main affecting factors about the risk and to assess deeply the level of risk management for a virtual enterprise have their important and realistic significance. Based on the aspect of life cycle, this paper divides...

Effective allocation of resources to risk mitigation still is a pivotal challenge to project managers. Thus, researchers and practitioners compile commonly important risks and present them as checklists, risk rankings, and other methods to help project managers in justifying allocating resources for mitigation. In this paper, we challenge the static nature of such compilations by exploring long...

This paper investigates the role of the board in monitoring corporate risk. Proponents of riskrelated governance structures such risk committees or Enterprise Risk Management (ERM) programs contend that risk monitoring adds value by ensuring that corporate risks are managed. An alternative view is that such governance structures are nothing more than window-dressing in response to regulatory or...

Reputation risk as one of the most important risks in any competitive industry and market should be considered before all the risks of the enterprise which also affects other risks. This research aims to review and manage reputation risk in the framework of enterprise risk management. Considering the importance of the subject and lack of available studies in this field, the innovation of presen...

In general, conglomeration leads to a diversification of risks (the diversification benefit) and to a decrease in shareholder value (the conglomerate discount). Diversification benefits in financial conglomerates are typically derived without accounting for reduced shareholder value, even though a comprehensive analysis requires competitive conditions within the conglomerate, i.e., shareholders...

Enterprise resource planning (ERP) projects are considered to be expensive, time-consuming, difficult to manage and risky. This paper presents how companies should consider and manage the risks in their ERP project. The focus in a qualitative case study is on small and medium-sized enterprises (SMEs) and it illustrates how the risks in the case firms are identified, analyzed and managed.

The radiation therapy department (RTD) initiated in 2009 a policy of open and transparent reporting of events not harming (near incidents) and potentially harming patients (incidents and accidents). This approach was immediately followed by the leader’s decision to engage towards the European Foundation for Quality Management (EFQM) excellence model. The EFQM approach structured the journey of ...