What is world-class risk management? Why do so many top executives and board members have difficulty seeing how enterprise risk management makes a positive contribution to the success of the organization?
Norman Marks is recognized as a global thought leader in risk management. He is an Honorary Fellow of the Institute of Risk Management and a Fellow of the Open Compliance and Ethics Group. A prolific blogger, author of three previous books and multiple award-winning articles, and a speaker at conferences and seminars around the world, Norman Marks is an original thinker with a business rather than a technical risk management perspective.
Norman considers these key questions and provides his insights, focusing on the need to make the management of risk a key ingredient in decision-making and the running of the business. He considers not only how risk relates to objective and strategy-setting, but discusses each risk management activity from identifying to treating risk – as an integral part of day-to-day management rather than a separate, periodic exercise.
The book includes a challenging and thoughtful foreword by Grant Purdy, one of the pioneers and highly-respected risk management leaders.
Expert reviews include:
"Whether you are a manager, an assurance provider or a risk management professional, the way Norman has written this book and the good sense it contains should cause you to rethink your understanding of risk and how you go about recognising and responding to it.” - Grant Purdy
"I found World-Class Risk Management an engaging and interesting read. Fair warning: This is not a text book; it is a point-of-view book. If you are only interested in preserving the status quo, I advise you to put this book down! Now! But if you welcome a challenge to your view as to how risk management should function, I encourage you to let Norman take you on a journey to world-class risk management. These changing and disruptive times require that we constantly up our game." - Jim DeLoach
"In the last 6 years, Norman has evolved and challenged narrow minded views of risk management that have a bureaucratic audit or compliance-focus approach as well as academic thoughts that do little to increase the performance of an organization and create value. Today, he has gathered his current state of knowledge in risk management in his new book exploring, reviewing and questioning the concept of “World-Class Risk Management” with references to the internationally-adopted ISO 31000 risk management standard.” - Alex Dali
Norman Marks, CPA, CRMA is a semi-retired chief audit executive and chief risk officer. He is a globally-recognized thought leader in the professions of risk management and internal auditing and remains an evangelist for "better run business", focusing on corporate governance, risk management, internal audit, enterprise performance, and the value of information. He is also a mentor to individuals and organizations around the world. Norman has been honored as a Fellow of the Open Compliance and Ethics Group and an Honorary Fellow of the Institute of Risk Management for his contributions to risk management. He is the author of three earlier books: - World-Class Internal Audit: Tales from my Journey - Management's Guide to Sarbanes-Oxley Section 404: Maximize Value Within Your Organization (described as "the best Sarbanes-Oxley 404 guide out there for management"), and - How Good is your GRC? Twelve Questions to Guide Executives, Boards, and Practitioners. Praise for Norman's last book, on world-class internal auditing, includes: - "I thoroughly enjoyed Norman's book. My one regret is not buying it in hard copy, so I could tab it, highlight it, scribble in the margins, etc. It's the type of book I keep on my desk, available for quick reference or inspiration when the need arises. In his Introduction, Norman states his hope in writing World-Class Internal Audit is that it "...will amuse as well as provide some insights..." and that he wrote the book to "...stimulate some thinking..." I believe he succeeded on all three points. - "Anyone that is passionate, motivated, and enthusiastic about the internal audit and enterprise risk management profession should read this book!"
