Enterprise Risk ManagementNeuGroup News
April 22, 2023

NeuGroup’s Corporate ERM H1 2023 Peer Group Meeting

A big thank you to all who attended NeuGroup’s Corporate ERM H1 peer group meeting this week at St. John’s University’s Manhattan campus! Members discussed how ERM can align (and should) with corporate strategy and how to better communicate ERM’s value both to management and the wider company. The group also heard from new COSO chair Lucia Wind about the commission’s latest efforts on “Achieving Effective Internal Control Over Sustainability Reporting“. It was a great session on creating a consistent cyber risk policy…
Risk ManagementTreasury Management
May 26, 2022

Musical Chairs: Where Should ERM Sit To Create the Most Value?

Some corporates are positioning ERM teams to sit under internal audit or corporate strategy. Many enterprise risk management teams are at an inflection point as they aim to become strategic partners to the business. Some corporates are finding that ERM can add more value to the business by sitting within functions like corporate strategy or internal audit. At a recent meeting of NeuGroup for Enterprise Risk Management, two members who recently experienced a shift in reporting—one to internal audit and the other to…
Risk Management
May 12, 2022

Seeing Risks Before They Do Damage Isn’t Impossible

Members of NeuGroup’s corporate enterprise risk management group hear how they can divine unseen, emerging risks. The ancient stoics often practiced premeditatio malorum or the premeditation of evils, which was basically the art of expecting the worst. In a sense, this is how enterprise risk managers must go about their jobs today, particularly when the timeline of 100-year disruptive occurrences has been compressed to every four to five years. Social, geopolitical and environmental risks combined with the everyday risks of…
Risk Management
April 14, 2022

Better Questions, Better Data: Making Risk Tracking Strategic

ERM heads discuss shifting risk survey strategies to improve risk registers and add more value to the company.“Every day in the last two years, it feels like I’ve woken up to a new crisis.” That’s how the head of ERM at one multinational described the current risk environment at a recent meeting of NeuGroup for Enterprise Risk Management. Therefore, he added, even though it often feels like swimming upstream, keeping a comprehensive risk register that keeps track of and scores…
October 4, 2021

Corporate ERM October 2021 IM

About this meeting The Corporate ERM group will meet for its October Interim Meeting to discuss processes by which they collect data on risk. Who are the going to provide the risk information and what methods are they using to collect the data? About this Peer Group NeuGroup for Enterprise Risk Management is an invitation-only group of senior finance and risk executives at non-financial corporations who have direct oversight or are the champions of ERM and alternative risk-finance initiatives. The…
Enterprise Risk ManagementTreasury Management
September 30, 2021

Treading Carefully: Growing List of Risks Moves ERM to the Forefront

Treasury teams communicating with the board on financial risk need a common language. NeuGroup’s longstanding enterprise risk management (ERM) group has nearly doubled in size in less than a year, perhaps unsurprising given the relentless unfolding of political, environmental, health and financial risks worldwide, and global companies’ likely exposure to many of them. Assistant treasurers in a recent meeting compared the roles their treasury departments take within ERM and got insight from the head of ERM at a Fortune 500 technology…
September 29, 2021

Risk Framework Member Discussion

About this meeting Members will compare and contrast their risk frameworks. The session will provide for members to discuss how members are managing risks or avoiding risks altogether. How some members have seen success in their framework and where there can be room for improvement. About this Peer Group NeuGroup for Enterprise Risk Management is an invitation-only group of senior finance and risk executives at non-financial corporations who have direct oversight or are the champions of ERM and alternative risk-finance…
July 26, 2021

Risk Framework Member Discussion

About this meeting Members will compare and contrast their risk frameworks. The session will provide for members to discuss how members are managing risks or avoiding risks altogether. How some members have seen success in their framework and where there can be room for improvement. About this Peer Group NeuGroup for Enterprise Risk Management is an invitation-only group of senior finance and risk executives at non-financial corporations who have direct oversight or are the champions of ERM and alternative risk-finance…
Risk ManagementTalking Shop
July 22, 2021

Talking Shop: Interviewing Management to Uncover Risks

Member question: “Has anyone, recently or in the past, conducted broad wide-scale open-ended (i.e., not scripted Q&A) risk interviews of top management and leaders as the primary means to collect risk-identification inputs? “I am looking to share thoughts and experiences regarding the effectiveness, as well as methods to summarize, quantify and present the key findings.“I have interviewed board members, executive staff, management VPs+, totaling in the range of 75-100 one-on-one discussions. I am seeking recommendations on the process.” Peer answer…
June 28, 2021

Real Talk About Real Treasury Use Cases for DLT and Blockchain

About this meeting Steer clear of a technical, utopian, or crypto asset-driven focus on distributed-ledger technology (DLT), and join a conversation with NeuGroup members and Standard Chartered product experts to talk about what real companies are doing with blockchain and DLT to improve their business, their bottom line, and even make new businesses or products possible. Registration link Standard Chartered experts will discuss frontline client solutions, blockchain product execution, and blockchain industry partnerships: What has been successful and why? What…