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CRO
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Latest Headlines
Directors' attitudes toward risk management
Since the financial crisis, corporate boards have been forced to grapple in greater detail with risk management. So we may see directors laser in on these issue over the next year or so, a wise move
As chief risk officers' stature rises, conflicts with CFOs loom
We discussed recently the idea that David Viniar, the CFO of Goldman Sachs, is perhaps so valuable to the bank that he couldn't be replaced by a single person. Given his broad oversight of risk
The rise of the chief risk officer
We've spent some time discussing that classic rift in the executive suite: The chief financial officer versus the chief information officer. In the Sarbanes-Oxley era especially, they've clashed on a
The CRO of the future
Last year, Korn/Ferry conducted a survey that found only 20 percent of organizations had a chief risk officer , but many respondents also noted that the direct responsibility for risk management at
ERM for boards and management
At many companies, risk management has edged out compliance as the number one priority when it comes to the GRC function. Many companies have moved down the automation path for many compliance
The new CRO
When the Sarbanes-Oxley compliance effort was in its infancy, people spoke often of how bad chief financial officers had it. They bore a lot of the responsibility for compliance issues and for
Risk management imperative spreading beyond financial services
The idea of better risk management has been discussed ad nauseum in the financial services industry. But other industries are taking up the issue as well. According to CFO.com, interest in hiring a
CROs on the rise
Is this a golden era for chief risk officers and chief compliance officers? For one thing, more companies are thinking about creating such posts. Companies that already have them are apparently
