Further Reading

Surviving and Thriving in Uncertainty

Creating the Risk Intelligence Enterprise

Frederick Funston & Stephen Wagoner, John Wiley & Sons, April 2010.

This books helps senior executives and boards get smart about risk management. The ability of businesses to survive and thrive often requires unconventional thinking and calculated risk taking. The key is to make the right decisions-even under the most risky, uncertain, and turbulent conditions. The authors suggest that effective risk taking is needed in order to innovate, stay competitive, and drive value creation. Based on their combined decades of experience as practitioners, consultants, and advisors to numerous business professionals throughout the world, Funston and Wagner discuss the adoption of 10 essential and practical skills, which will improve agility, resilience, and realize benefits.

Managing Reputational Risk

Leveraging opportunities, Curbing Threats

Jenny Rayner, John Wiley & Sons, July 2003.

Managing Reputational Risk shows how any organization can apply risk management principles to build stakeholder confidence and safeguard and enhance reputation. It positions reputation and its associated threats and opportunities where they rightfully belong: in the domain of the board room, at the heart of good corporate governance, leading-edge strategy development, effective risk management, corporate responsibility, comprehensive assurance and transparent communications.

Risk Quantification

Management, Diagnosis and Hedging

Patrick Naim, Laurent Condamin & Jean-Paul Louisot, John Wiley & Sons, December 2006.

This book offers a practical answer for the non-mathematician to all the questions any businessman always wanted to ask about risk quantification, and never dare to ask. Enterprise-wide risk management (ERM) is a key issue for board of directors worldwide. Its proper implementation ensures transparent governance with all stakeholders' interests integrated into the strategic equation. Furthermore, Risk quantification is the cornerstone of effective risk management, at the strategic and tactical level, covering finance as well as ethics considerations.