Enterprise Risk Management: From Incentives to Controls (Wiley Finance)

The book written by James Lam takes the reader into interesting areas of contemporary debate, including risk concepts, corporate governance, risk transfer, data and technology, and industry trends relating to the topic of enterprise risk management. The book is written with great clarity and authority, and successfully navigates through emerging strategic contours and professional discussions about risk. The author combines fresh thinking about the evolving terrain of enterprise risk management with new questions about incentives and responses to it, whilst grounding his ideas and reasoning upon his professional experience. This is a very good resource aimed at security and risk practitioners.

This is basically new. At least i didnt find any marks on the book in the first quick glsnce. Its greatBut this does offer a lot less than second edition

Until recently, risk management was fairly simple. You bought insurance for your company or not. Perhaps because the world was a more stable place or because companies simply lacked the tools for quantitative analysis, executives often failed to analyze, understand and manage the spectrum of risks. Those innocent days ended with currency shifts, interest rate turbulence, the emergence of new competitors, the technological revolution and other disruptive events. In the early 1980s, companies began to take risk management seriously. Author James Lam has spent 20 years in risk management, which means he has been involved almost since its inception. He provides a lucid, well-written, well-edited exposition of the new approach to risk management - enterprise risk management or ERM. His book requires a certain basic understanding of mathematical and financial concepts, but it ought to be accessible to anyone with a few years of business education or experience. We believe that CFOs and risk managers will find it most useful.