Table of Contents

PrefaceIntroduction1: Risk, Risk Management, and Risk Governance2: Risk, Uncertainty, and Proactive Risk-Taking3: Value Based Enterprise Risk Management Practices4: Value Creation Through Risk Management5: The Strategic Risk-Taking OrganizationPostscriptumAppendix 1: Good Risk Committee PracticesAppendix 2: The Capital Asset Pricing Model (CAPM)Appendix 3: Assessing the Strategic Risk Governance Environmen

About the Author

Torben Juul Andersen is Professor of Strategy and International Management at the Copenhagen Business School and was Associate Dean of the MBA Program 2008-2012. He previously taught financial economics at George Mason University and Johns Hopkins University. He has held executive positions at Citibank/Citicorp Investment Bank, Unibank, SDS Securities and Hagler-Bailly Consulting. He is the author of numerous academic articles and books including Strategic Risk Management Practice (Cambridge University Press) and Perspectives on Strategic Risk Management (CBS Press). His articles have appeared in Strategic Management Journal, Journal of Management Studies, Long Range Planning, and Journal of Business Research among others. Dr Andersen holds a PhD in strategy and financial management from the University of North Carolina at Chapel Hill, an MBA from McGill University, and an MSc in economics from the University of Copenhagen.Maxine Garvey specializes in strategic and financial analysis particularly for enhancing the effectiveness and efficiency of enterprises. She is Senior Operations Officer at the IBRD, World Bank. Previously she was a senior corporate governance officer and task manager for the SME corporate integrity program at the International Finance Corporation (IFC), World Bank. Prior to joining the IFC, Dr Garvey worked as a management consultant with Analysis Group (New York), AT. Kearney (Toronto), and PriceWaterhouseCoopers (Kingston). She provided advisory services in strategy and financial management, working with firms in a wide range of industries, including financial services, telecommunications, and retail. Dr Garvey has also taught strategy, finance, and international business at New York University and the Mona School of Business (MSB), University of the West Indies. In addition, she has worked as a manager in industry and consulting firms. Dr Garvey holds a PhD and MBA from Stern BusinessOliviero Roggi is Professor of Finance at the University of Florence. He was Visiting Scholar at NYU Stern School of Business in 2009, Salomon Center Research Fellow in 2010, and Visiting Associate Professor of Finance in 2011. Dr Roggi has published papers and books on risk management and rating models including Measuring and Managing Risk published by World Scientific Press with Ed Altman (eds). He co-authored the third Italian edition of Applied Corporate Finance with Aswath Damodaran and the IFC World Bank handbook Risk Taking: A Corporate Governance Perspective with Aswath Damodaran and Maxine Garvey. Dr Roggi founded the Finanza Firenze Research Center in 2007 and partnered with Professor Ed Altman in 2008 to establish the International Risk Management Conference. He is a consultant for the European Commission Regione Toscana and member of the Scientific Committee of the Country Risk Forum of the Italian Bankers Association (Associazione Bancaria Italiana - ABI).

Reviews

... this book contains 176 pages of brilliantly written overview of the current thinking in risk management ... Managing Risk and Opportunity: the Governance of Strategic Risk Taking is a thoroughly researched and well-structured piece of work that covers a wide range of topics, and provides a great balanced overview of major current issues in risk management. This book could easily make it to the top of the list of mandatory reading for Risk Officers and Regulators if there were such a list.
*Maria Zhivitskaya, London School of Economics and Political Science*