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Board Europe - January/February 2007
Council News: Strategic Risk Management
Setting a Risk Appetite for Non-Financial Companies
Barcelona, 15-16 November
How does a non-financial company develop its risk appetite? What are some of the key metrics for operational and strategic risks? What is risk management's role in the identification and creation of new opportunities for companies? How are companies using Enterprise Risk Management (ERM) effectively in their M&A processes?
These were some of the questions under discussion at the November meeting of the European Council on Strategic Risk Management, hosted by Endesa in Barcelona. Speakers sharing their experiences were: Peter Kofoed, Risk Manager, Coloplast; Lars-Håken Ellenius, Chief Risk Officer, Fortum; and Marc Schädeli, Risk Management Adviser, Nestlé.