Corporate ERM: Risk Maps, Cash Flow at Risk, and Microsoft’s Approach
Book: Enterprise Risk Management: From Incentives to Controls
Author: James Lam
ISBN: 978-1-118-41361-6
Every Company Is a Risk-Taker Whether It Admits It or Not
Non-financial corporations face the same pressure as banks and utilities: globalization, tech disruption, consolidation, outsourcing, and investors who hate earnings surprises. Hedging FX or buying property insurance is table stakes. Leading firms use enterprise risk management to protect the brand, stabilize finance, and support strategy.