We have all heard the saying "The buck stops here". The Treadway report indirectly states that...

We have all heard the saying "The buck stops here". The Treadway report indirectly states that the "buck" stops with the Board of Directors and Senior Management. In addition, the Sarbanes-Oxley act provides both specific requirements and severe punishments for non-compliance.

For your initial post discuss why the "Tone at the top" of an organization is essential to a successful Enterprise Risk Management program. Please be specific in your post and use detailed examples of the benefits of a strong and focused tone at the top versus a weak tone at the top.

In your subsequent post(s) discuss how risk management can be integrated into a company's culture. Give specific examples. What are some of the barriers?

Expert Solution

In simple words 'Tone at the top' means to create and protect a balance between the enterprise values. While balancing value creation, preservation and emphasizing short-term and long-term objectives, there is a straightforward concept which requires effective leadership and discipline to execute. Effective risk management cannot happen in a vacuum. A leadership failure and the organizational “blind spots” that contribute to dysfunctional behavior will undermine even the strongest risk management capabilities

Some examples can be :

Consistency in employees: If there is strong tone at the top ,the employees will be more consistent
Integrity : There should be a set standard of integrity that you can live up to. Integrity goes far beyond compliance with the law – it includes how clients and suppliers are treated, the transparency and honesty of communication to staff, and the fairness of the processes used to solve problems.
and a few others can be work ethics, risk taking etc.

ekkarill92 answered 11 months ago

We have all heard the saying, "You have one chance to make a good first impression"....

We have all heard the saying, "You have one chance to make a good first impression". If we were going to analyze this in social psychology terms, what would we say? What is the source of most of your knowledge about impression management? Minimum 300 words...thanks!

We have all heard advertisements that claim "we cut out the middleman and pass the savings...

We have all heard advertisements that claim "we cut out the middleman and pass the savings along to you". Now that you are familiar with distribution, explain why retailers such as Wal-Mart and Target remain successful in spite of being "middlemen".

Here in the United States we always talk about how we have a free market system....

Here in the United States we always talk about how we have a free market system. But do we? In this discussion let's talk about our economic system. Discuss how our system is free market (or not) and why. Also compare and contrast our system to those of other countries' systems. Support your discussion with facts, not opinion, and cite your sources.

Please read the following on NC Economic Incentives: We have all heard that Amazon is planning...

Please read the following on NC Economic Incentives: We have all heard that Amazon is planning on opening a second headquarters. The hope is that this new HQ could bring in 50,000 jobs and $5 billion in investments. As a result, states are in a bidding war to attract Amazon. These bids are what we can economic incentives. Many politicians have argued that the government should provide economic incentives to companies in order to bring jobs to NC. The proponents...

We have all had visits at medical facilities or heard stories of visits wherein the staff...

We have all had visits at medical facilities or heard stories of visits wherein the staff were standoffish, rude or seemingly unfriendly. Have you ever thought that this was because the healthcare professional was “impaired”? Define the term “impaired professional”. What are some risks to “professional competence” and “performance”? Discuss several examples of physical impairment. Do you think any of these examples affected your medical treatment when you were presented with an “impaired professional”? (Risk management)

We have all heard about what is going on in the news today. Think about something...

We have all heard about what is going on in the news today. Think about something you see as falling in the category of “crime” and an instance of “deviance” in the news. Please be clear and fully explain your response using the appropriate terms for the example.

I am sure you have heard the saying that goes something like why fix what isn't...

I am sure you have heard the saying that goes something like why fix what isn't broken, but how will you know if it is broken. Policies and procedures are usually seldom reviewed once implemented which can prove to be disastrous. Explain why and how often a facility should review and update the security policy.

Company spokespeople are often heard to say, "We have to be in that market". What is...

Company spokespeople are often heard to say, "We have to be in that market". What is a likely explanation for this statement if the market is (a) China; (b) Germany; (c) Brazil; (d) Japan; (e) the United States? I’m 350 words, Give examples of products or services.

can we define social class in Africa the same we might here in the United States?...

can we define social class in Africa the same we might here in the United States? What role does class play in African politics?

"Here we report results of a field experiment in which the number of plant species was...

"Here we report results of a field experiment in which the number of plant species was experimentally controlled (Fig. 1 legend). Our 147 plots, located on nitrogen-limited soil24, were planted with either 1, 2, 4, 6, 8, 12, or 24 species. The species assigned to each plot were chosen by a separate random draw of the appropriate number of species from a pool of 24 North American prairie species. The impacts of diversity on plant productivity, nutrient capture and nutrient...

Question