The
RISK
INSTITUTE
THE VALUE OF INTEGRATED
RISK MANAGEMENT
Enterprise Risk, Insurance,
Capital Management
RISK INSTITUTE CONFERENCE AGENDA
OCTOBER 22-23, 2014
THE BLACKWELL INN, BALLROOMS B&C
WEDNESDAY, OCTOBER 22
5:30-6:30 p.m.
CHECK-IN AND OPENING RECEPTION
6:30-8:30 p.m. WELCOME & INTRODUCTION TO RISK INSTITUTE
Bernadette A. Minton, Arthur E. Shepard Endowed Professor in Insurance
Mike Mahaffey, CRO, Nationwide Insurance
DINNER & KEYNOTE ADDRESS
Cyber Security and Risk Management
Jeremy M. Kroll, President and CEO, K2 Intelligence
The cyber threat is one of the newest and most serious threats confronting risk
managers, Executives and Boards of Directors. At its heart, it is all about theft
in its many forms, whether it is perpetrated by an external attacker or by a
malicious insider. Mr. Kroll will share some case studies as well as emphasize
that more cooperation and stronger partnerships across industries are needed
to effectively manage cyber risk.
8:30-9:30 p.m.
AFTER-DINNER RECEPTION WITH JEREMY M. KROLL
The
RISK
INSTITUTE
THE VALUE OF INTEGRATED
RISK MANAGEMENT
Enterprise Risk, Insurance,
Capital Management
RISK INSTITUTE CONFERENCE AGENDA
THURSDAY, OCTOBER 23, 2014
7-8 a.m.
REGISTRATION AND CONTINENTAL BREAKFAST, BALLROOM A
8-8:30 a.m.
WELCOME
Dean, Fisher College of Business
FIRST ANNUAL RISK INSTITUTE SURVEY RESULTS PRESENTATION
Bernadette A. Minton, Arthur E. Shepard Endowed Professor in Insurance
8:30-10 a.m.
THE CURRENT STATE OF RISK MANAGEMENT RESEARCH
Moderator, Bernadette A. Minton
Enterprise Risk Management: From Theory to Practice
René M. Stulz, Everett D. Reese Chair of Banking and Monetary Economics
Drawing on more than 30 years of research and consulting experience,
Professor Stulz will discuss the potential benefits of ERM as well as the
practical difficulties that arise when organizations try to implement an
integrated risk management approach to capture these benefits. The audience
will walk away with a better understanding of the importance of business
and strategic risks, how to evaluate good versus bad risks, the limits of risk
management and the role of culture.
Supply Chain Risk Management
Keely Croxton, Associate Professor of Marketing and Logistics
Using her research and practical experience working with companies on
their supply chain resiliency as a guide, Professor Croxton will illustrate
how by studying the risks companies face and their reactions to risk events,
researchers develop frameworks that firms can use to improve their supply
chain risk management. She also will discuss the gaps that are in need of
additional research.
10-10:30 a.m.
BREAK
RISK INSTITUTE CONFERENCE AGENDA
10:30-11:30 a.m.
RISKx – IDEAS WORTH TALKING ABOUT
Analytics and Risk: Pitfalls of Data-Driven Decision Making
Dan Magestro, Director of Advanced Analytics, Cardinal Health
As industries increasingly work to utilize advanced analytics and “big data” in
business processes, the inherent risks of these approaches can be overshadowed
by the euphoria of data-driven decisions. Mr. Magestro will highlight some
examples, emphasizing company’s need for critical thinkers, strong governance,
and data-savvy leaders to anticipate and manage associated risks.
Integrated Risk Management and Board Governance
Laurie Champion, Chief Administrative Officer and AE Practice Leader, Aon
A successful risk culture is one that focuses on driving sustainable and
profitable growth and not just on protecting against downside losses.
Ms. Champion will discuss what a board wants and, more importantly,
needs to know to ensure their organization has an effective risk management
function that can balance risks to create growth and value.
Supply Chain Risk Management - One Size Does Not Fit All
Nicholas Kaufman, Lead Risk Manager, Battelle Memorial Institute
The need for balancing supply chain resiliency with supply chain efficiency is
on the minds of many companies. In his talk, Mr. Kaufman will focus on finding
the right balance between costs and protection, and reasonable approaches to
risk mitigation.
11:30 a.m.-12:45 p.m.
LUNCH, BALLROOM A
12:45-1:45 p.m.
KEYNOTE ADDRESS
Enterprise Risk Management and Business Strategy
James Lam, President, James Lam & Associates
One of the key challenges facing organizations today is how to integrate risk
into strategic and business management processes in order to go beyond
compliance requirements and create significant value. In his presentation,
Mr. Lam will explore the fundamental requirements and best practices for
integrating risk and business strategy as part of enterprise risk management.
2-3 p.m.
RISK INSTITUTE FOUNDING MEMBER PANEL
3 p.m.
CLOSING & FAREWELL
Moderator - Bob Lane, Fisher College of Business Department of Finance
Mike Mahaffey, CRO, Nationwide Insurance