Managing Risk in the New World

Kaplan, Robert, Mikes, Anette, Simons, Robert, Tufano, Peter and Hofmann Jr., Michael (2009) Managing Risk in the New World. Harvard Business Review, 84 (10). pp. 68-75.


Five experts gathered recently to discuss the future of enterprise risk management: Kaplan, the Baker Foundation Professor at Harvard Business School, who with his colleague David Norton developed the balanced scorecard; Mikes, an assistant professor at HBS who studies the evolution of risk management and the role of the chief risk officer; Simons, the Charles M. Williams Professor of Business Administration at HBS; Tufano, the Sylvan C. Coleman Professor of Financial Management at HBS; and Hofmann, the chief risk officer at Koch Industries. The panel was moderated by HBR senior editor David Champion. Among the questions they addressed were: How predictable was the financial meltdown of 2008-2009? Did new tools for assessing risk give a false sense of security? How do the challenges facing industrial companies differ from those facing the financial sector? Is outsourcing an effective risk-management tool? Have capital structures become a bit too efficient in many companies? What makes a good chief risk officer?

Item Type: Article
Keywords: risk assessment, capital structure, global financial crisis
Date Deposited: 22 Sep 2011 13:15
Last Modified: 14 Aug 2015 13:04

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