This paper amplifies themes growing out of Greenbaum, 2012. That paper presented a framework for thinking about Enterprise Risk Management (ERM). We begin this paper by deconstructing the concepts of risk, risk management and ERM. These are all unsettled ideas, but they have been adapted and...

For financial intermediaries, especially those that are public companies, enterprise risk management (ERM) is a paradigm shifting idea. In this paper, I provide an interpretation of ERM that is both historical and analytical. The origins of the idea are examined along with the appropriate...

This teaching case, Carefree in Play, focuses on the behavior of a corporate board during a control contest, a time of potentially acute conflict between management and shareholders. It illustrates how a board may be subverted and lays the groundwork for discussion of what should be done to...