The Relationship Between Boards of Directors and their Risk Management Organizations: Are Standards of Best Practice Emerging? 
Publication: March 2008
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Recommended Reading
The following recommended readings will give you a new insight on risk management and governance by incorporating perspectives from different areas of study:
The Human Reaction to Risk and Opportunity, published in New Frontiers in Enterprise Risk Management, Springer, 2008
Aligning Compensation Systems with Risk Management Objectives, published in Risk Management: A Modern Perspective, Elsevier, 2006
The Social Amplification of Risk
- to understand how risk events lead to changes in value that far exceed first order effects and how to manage them
The Perception of Risk
- to understand how people process information and react to risk
Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics
- an accessible introduction to complexity science and how it is going to change economics, finance and risk management forever
Complex Adaptive Systems: An Introduction to Computational Models of Social Life
- a slightly more technical introduction to how complex adaptive systems work
The texts above will help to solidify an new foundation for thinking about risk management and governance. The ultimate goal of these two disciplines is to allow our organizations to better attain their objectives, be they wealth creation, stakeholder service or both. The challenge facing each of us is to be willing to look at our work and our analysis from a different perspective and then to change that which can be done better.
The following recommended readings will give you a new insight on risk management and governance by incorporating perspectives from different areas of study:
The Human Reaction to Risk and Opportunity, published in New Frontiers in Enterprise Risk Management, Springer, 2008 Aligning Compensation Systems with Risk Management Objectives, published in Risk Management: A Modern Perspective, Elsevier, 2006The Social Amplification of Risk
- to understand how risk events lead to changes in value that far exceed first order effects and how to manage them
The Perception of Risk
- to understand how people process information and react to risk
Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics
- an accessible introduction to complexity science and how it is going to change economics, finance and risk management forever
Complex Adaptive Systems: An Introduction to Computational Models of Social Life
- a slightly more technical introduction to how complex adaptive systems work
The texts above will help to solidify an new foundation for thinking about risk management and governance. The ultimate goal of these two disciplines is to allow our organizations to better attain their objectives, be they wealth creation, stakeholder service or both. The challenge facing each of us is to be willing to look at our work and our analysis from a different perspective and then to change that which can be done better.