Fundamentals of Risk Management - Understanding, Evaluating and Implementing Effective Enterprise Risk Management - 2024 - 7th Edition

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About the Author

Kate Boothroyd is the Director of KB Risk Consulting Limited, a risk management consultancy working with clients across a variety of countries and industries. She joined the Institute of Risk Management in 1992 and is an accredited IRM trainer. She previously served as Director. She was lead developer on the IRM's updated Enterprise Risk Management Certificate. She is also the Lead Examiner on the Chartered Governance Institute UK & Ireland's Qualifying Programme Risk Management Module. She is based in Huddersfield, UK.

Clive Thompson has over 40 years of global experience in Insurance and Risk Management. He was founding Chair of the Professional Standards and the Interest Group Committees of the Institute of Risk Management (IRM) where he was Deputy Chair until 2020. As Deputy Chair, he initiated the first seminar to focus on Climate Change at the IRM and instigated the IRM's Special Interest Group on Climate Change.

He is a Certified Fellow of the IRM and of the Chartered Insurance Institute. He is co- author of the 6th version of Fundamentals of Risk Management, also published by Kogan Page and is based in Littlehampton, UK.

Fundamentals of Risk Management provides a comprehensive introduction to enterprise risk for students and risk professionals, with tools and tips, expert insights and coverage of key developments in an ever-evolving field.

Effective enterprise risk management allows organizations to maximize opportunities and minimize uncertainty. Aligned with ISO 31000, the COSO ERM Framework and the UK's Orange Book, this guide covers the key principles of risk management and how to deal with the different types of risk that organizations face. The frameworks of business continuity planning, enterprise risk management and project risk management are covered alongside an overview of international risk management standards and frameworks, strategy and policy.

The text provides a clear introduction to a variety of risk management approaches used in sectors such as insurance, banking, law, health and safety and supply chain management.

Now in its seventh edition, Fundamentals of Risk Management guides readers through the steps of risk identification, risk analysis, risk description and risk estimation. It includes new chapters covering emerging trends in risk management such as on resilience, sustainability and strategic risk. It offers increased international coverage around corporate governance and real-world examples in each chapter, allowing students to connect theory to practice.

It also includes new pedagogical features: key takeaways, discussion questions and learning exercises. Supporting online resources include lecture slides with figures, tables and key points from the book.

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