October 09, 2009 09:54 ET

GRC Thought Leaders Gather for Third-Annual OpenPages Executive ERM Forum

Experts Discuss Trends and Best Practices for Successful Enterprise Risk Management

WALTHAM, MA--(Marketwire - October 9, 2009) -

News Facts

-- OpenPages, the leading provider of integrated risk management solutions for global companies, wrapped up the third-annual Executive ERM Forum -- a meeting of 20 enterprise risk executives who gathered to discuss current topics in enterprise risk management such as regulatory reform, emerging risks, risk reporting and quantification, convergence, and GRC implementation.

-- The third-annual event was held in New York City and was attended by executives from a variety of industries, including banking, insurance, consumer products, travel and entertainment, and telecommunications.

-- Discussion topics included:

- What role should IT play in defining, architecting and managing the risk management infrastructure? What should be included in the risk management infrastructure?

- How have risk identification, analysis and management changed on the front lines over the last year? How will it evolve over the coming 12 months?

- Given the increased visibility of risk management, how should the risk management and audit functions collaborate to optimize risk oversight?

-- Key take-aways centered around strategies for successful board reporting included:

- Expressing risks in terms the board can understand, and understanding that board members are generally skeptical of the traditional bottom up roll-up of risk

- Implementing a capability scale to measure risk across different business units

- Identifying the list of key issues and what management is doing to solve them

- Compiling a detailed, proactive analysis of external losses to catalyze discussion

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@OpenPages #GRC Thought Leaders Gather for Third-Annual Executive ERM Forum


Supporting Quote from Michael J. Duffy, President and CEO, OpenPages

-"The dialog at this year's Executive ERM Forum was outstanding. We are honored to be associated with these leaders who are driving significant improvements in the risk intelligence arena for their companies. Over the last three years this event has become the preferred platform for these executives to share best practices and innovation strategies for risk management and to move the domain forward."

Please contact Jessica Sutera to arrange for further quotes regarding this announcement or to request an interview with an OpenPages executive.

Supporting Resources

-- Links to OpenPages blog posts on Executive ERM Forum:




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About OpenPages

OpenPages is the leading provider of integrated risk management solutions for global companies. The OpenPages Governance, Risk and Compliance (GRC) Platform empowers a risk-based approach to identify and manage key business risks across the enterprise. This approach enables companies to focus on what's important and to avoid unexpected outcomes while improving performance. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in the United Kingdom, distribution partners in Japan and regional offices throughout North America. For more information, please visit www.openpages.com.

OpenPages is a trademark of OpenPages, Inc. All other trademarks contained herein are the property of their respective owners.

Contact Information

  • Contact:
    Jessica Sutera
    Lois Paul & Partners
    Email Contact
    (781) 782-5789