Professional Documents
Culture Documents
NC State University Rob Rolfsen Director, Global Risk Management March 23, 2007
Cisco Public
Agenda
Growing Importance of ERM Ciscos ERM Program Our ERM Process FY07 Plans Success Story
Cisco Public
Board
29%
36%
35%
9%
CEO
39%
29%
32%
35%
Positively disposed
56%
46%
38%
16%
50%
30%
19%
Degree of Importance
Very high
Significant
Somewhat or less
Cisco Public
Cisco Public
Cisco Public
Cisco Public
Cisco Public
ERM at Cisco
Cisco Public
OPTIMIZE
Is my current Risk level in control?
Business Risk Monitoring Risk Responsiveness Tolerance
Controllable Risks Non-Controllable Risks
GROW
How Do I take more Intelligent Risks ?
Disciplined Decision Making Risk Timing Business & Technology Innovation Increased Shareholder Value Industry Leadership
Cisco Public
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Management Effectiveness 4.00 3.00 2.00 1.00 Assessment completed. Mitigation is in place. Reporting and Monitoring in place. Assessment completed. Mitigation is in place. Reporting and Monitoring not in place. Assessment completed. Mitigation is not place. Reporting and Monitoring not in place. Assessment not completed. Mitigation not in place. Reporting and Monitoring not in place.
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Regulatory Technological Innovation Regulatory Technological Innovation Shareholder Relations Terrorism Shareholder Relations Terrorism Sovereign/Political Sovereign/Political
Strategic Strategic
Operational Operational
Financial Financial
Process Brand/Reputation Business Model Business Portfolio Delivery Channels Intellectual Property Marketplace Organization Structure Planning Product Life Cycle Resource Allocation Social Responsibility Alignment Business Interruption Capacity Change Response Compliance Contract Commitment Customer Satisfaction Cycle Time Management Information Accounting Information Budgeting & Forecasting Completeness/Accuracy Investment Evaluation Pension Fund Regulatory Reporting Taxation Sarbanes Oxley Efficiency Environmental Health & Safety Knowledge Management Measurement Partnering
Performance Gap Physical Security Product Development Product Liability Product/Service Failure Product/Service Pricing
Cash Flow Collateral Commodities Concentration Counterparty Credit Default Equity Financial Instruments Foreign Exchange Interest Rate Liquidity Modeling Opportunity Cost
Human Capital Accountability Change Readiness Communications Competencies/Skills Empowerment Hiring/Retention Leadership Outsourcing Performance Incentives Succession Planning Training/Development INDUSTRY
Integrity Conflict of Interest Employee Fraud Ethical Decision Making Illegal Acts Management Fraud Third-Party Fraud Unauthorized Acts
Technology
SPECIFIC RISKS
Turnbull \030117vb.ppt
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The ultimate goal is to be able to allocate resources more effectively and to answer the question of in which countries should the company be devoting which resources.
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