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Treasury & Risk 2011 Enterprise Risk Management Survey
7.
1.
How confident are you that your corporation effectively manages the following elements of the risk process?
Very Confident
Somewhat Confident
Not Confident
Risk identification
Very Confident
Somewhat Confident
Not Confident
Risk analysis and quantification
Very Confident
Somewhat Confident
Not Confident
Risk response/mitigation
Very Confident
Somewhat Confident
Not Confident
Risk reporting and monitoring
Very Confident
Somewhat Confident
Not Confident
Risk convergence
Very Confident
Somewhat Confident
Not Confident
2.
To what extent is technology used to enable the following elements of the risk management process?
A Great Deal
Somewhat
Not
Risk identification
A Great Deal
Somewhat
Not
Risk analysis and quantification
A Great Deal
Somewhat
Not
Risk response/mitigation
A Great Deal
Somewhat
Not
Risk reporting and monitoring
A Great Deal
Somewhat
Not
Risk convergence
A Great Deal
Somewhat
Not
3.
How confident are you that your company adequately identifies, assesses and manages the following types of risk?
Very Confident
Somewhat Confident
Not Confident
Strategic/business risks (i.e., the external environment)
Very Confident
Somewhat Confident
Not Confident
Operational risks
Very Confident
Somewhat Confident
Not Confident
Financial risks
Very Confident
Somewhat Confident
Not Confident
Compliance risks
Very Confident
Somewhat Confident
Not Confident
Political risks
Very Confident
Somewhat Confident
Not Confident
4.
In your opinion, do the capital markets reward sound risk management practice? (Please check one.)
Yes
No
Not certain
5.
Since implementing an ERM program, has your company:
Minimized the amount of risk it takes on
Taken on more risk
Made no change
We don’t have an ERM program
6.
Has slower economic growth led to changes in your ERM program over the last year? (Choose all that apply.)
Yes, we’re reinforcing the role of the senior executive in charge of risk management
Yes, we’re trying to get the board and senior executives more involved in risk management
Yes, we’re expanding our risk management strategy to types of risk not previously considered
Yes, we’re reassessing our risk culture
Yes, we’re trying to get all employees more involved in risk management
No, we’re not making any changes
7.
How important are each of the following in driving improvements in your company’s risk management programs or initiatives?
Very Important
Somewhat Important
Not Important
To respond to board inquiry/request/directive
Very Important
Somewhat Important
Not Important
To enhance governance procedures
Very Important
Somewhat Important
Not Important
To achieve strategic objectives
Very Important
Somewhat Important
Not Important
To achieve competitive advantage
Very Important
Somewhat Important
Not Important
To minimize “surprises”
Very Important
Somewhat Important
Not Important
To help create business value
Very Important
Somewhat Important
Not Important
To monitor corporate performance
Very Important
Somewhat Important
Not Important
To improve stakeholder/shareholder communication
Very Important
Somewhat Important
Not Important
To improve organization-wide decision-making
Very Important
Somewhat Important
Not Important
8.
To what extent do you agree or disagree with each of the following statements regarding enterprise risk management?
Agree Strongly
Agree Somewhat
Disagree Somewhat
Disagree Strongly
We have all the information we need to manage risk at an enterprise-wide level
Agree Strongly
Agree Somewhat
Disagree Somewhat
Disagree Strongly
We have a common terminology and set of standards for managing risk
Agree Strongly
Agree Somewhat
Disagree Somewhat
Disagree Strongly
Company objectives and risk appetite/tolerance are clearly articulated
Agree Strongly
Agree Somewhat
Disagree Somewhat
Disagree Strongly
Risk management is fully integrated within our strategic planning process
Agree Strongly
Agree Somewhat
Disagree Somewhat
Disagree Strongly
Risks are quantified to the greatest possible extent
Agree Strongly
Agree Somewhat
Disagree Somewhat
Disagree Strongly
Risk management is fully integrated across all functions and business units
Agree Strongly
Agree Somewhat
Disagree Somewhat
Disagree Strongly
Everyone in the organization understands his/her level of accountability with respect to managing risk
Agree Strongly
Agree Somewhat
Disagree Somewhat
Disagree Strongly
We have a formal structure and process for monitoring risk and the effectiveness of risk response plans
Agree Strongly
Agree Somewhat
Disagree Somewhat
Disagree Strongly
