D 2012

Chief Risk Officer & Enterprise Risk Management – How to Expect Unexpected

MLADENOVIĆ, Dušan

Basic information

Original name

Chief Risk Officer & Enterprise Risk Management – How to Expect Unexpected

Authors

MLADENOVIĆ, Dušan (688 Serbia, guarantor, belonging to the institution)

Edition

Zagreb, Proceedings of the 1st International Internet & Business Conference, p. 79 - 84, 6 pp. 2012

Publisher

BIT Society; Faculty of Economics & Business - University of Zagreb

Other information

Language

English

Type of outcome

Proceedings paper

Field of Study

50200 5.2 Economics and Business

Country of publisher

Croatia

Confidentiality degree

is not subject to a state or trade secret

Publication form

storage medium (CD, DVD, flash disk)

RIV identification code

RIV/00216224:14560/12:00107066

Organization unit

Faculty of Economics and Administration

ISSN

Keywords in English

risk management; risk management process; chief risk officer; CRO; ER;

Tags

International impact, Reviewed
Changed: 14/3/2020 23:20, Ing. Dušan Mladenovič, Ph.D.

Abstract

In the original language

The recent crisis has highlighted many failures in traditional economics attempt to explain the way how market behaves. Hereby I would try, primarily using the theoretical approach, to bring you closer problematic and actuality of Chief Risk Officer and Enterprise Risk Management. One of the goals of the following few pages is to emphasize importance of these two categories and the increasing relevance of aforementioned. The objective of risk management is to reduce different risks related to a pre-selected domain to an acceptable level. Recent surveys showed that 39 % of the companies have already introduced CRO position. The question is should the rest follow them? Further, ERM system considers a variety of risk and their influences on overall firm’s performance. Which specific benefits could the company expect of introducing ERM?