Many believe that the recent emphasis on enterprise risk management function is misguided, especially after the failure of sophisticated quantitative risk models during the global financial crisis. One concern is that top‐down risk management will inhibit innovation and entrepreneurial...

Rising food prices threatened an unprecedented number of people around the world with malnutrition or starvation in 2008. The new Executive Director of the United Nations' World Food Programme (WFP)--the world's largest food relief agency-- must not only address this challenge but also must...

Traditional western society is based on a balance between private and public interests, the economic and the social spheres of life. However, in recent years this balance has been completely upset, in favour of the private and economic. This has driven six wedges between business and society,...

Capitalism is facing a crisis. All who believe in business - from CEOs to business school professors - must recognize that they have contributed to this crisis. The problem is simple, yet profound: Everyone is captive of five half-truths that shape the way people think about business and the way...

This paper examines the role of calculative practices in the creation of the Charlie Chaplin museum, a multiparty cultural project with the mission to ‘bring back’ the great entertainer in an ‘authentic’ and commercially viable way. As with many other cultural organizations, there are...

This paper, based on a five-year longitudinal study at two UK-based banks, documents and analyzes the practices used by risk managers as they interact and communicate with managers in their organizations. Specifically, we examine how risk managers (1) establish and maintain interpersonal...

In the wake of the 2007–2009 financial crisis, continuing corporate debacles, and ongoing corporate governance calls for the appointment of chief risk officers (CROs) and risk management committees, it is important to understand what role risk officers do or may play. The signals are mixed....