Successful risk management requires balanceof risk and reward, controls and culture, art and science. In the fully revised and updated Enterprise Risk Management: From Incentives to Controls, Second Edition , James Lam leads you on a thorough exploration of ERM from the unique perspective of one of the worlds foremost authorities on risk and business management. With an abundance of first-hand experience, Mr. Lam provides practical guidance from his work as a chief risk officer, a trusted board advisor and management consultant, and a public company director. Throughout the book, he provides case studies and real-world examplesevery aspect of risk management is distilled and discussedfrom the perspective of highly effective and proven corporate leadership. Business executives and risk management professionals are taskedwith identifying and taking intelligent risks. In this book,Mr. Lam explains how an over-reliance on quantitative riskmeasurement has directly contributed to some of the high-profile riskmanagement failures of recent years. Most risk models are simplyincapable of accurately predicting the complex scenarios that couldlead to financial disaster, which is why Enterprise RiskManagement: From Incentives to Controls, Second Edition posits that your companys risk profileand ultimately the success or failure of its risk management strategyis driven by the decisions and actions of its leadership and employees. Based on direct experience with more than 50 ERM programs, Mr. Lam explains how to establish best practices and overcome common barriers. In this updated Second Edition, a new section dedicated entirely to ERM Implementation articulates the importance of effective board risk oversight, risk assessment, risk-baseddecision making, and risk dashboard reporting in a way that isaccessible for board members, business executives, risk professionalsas well as their employees and stakeholders. Enterprise RiskManagement: From Incentives to Controls, Second Edition takes you far beyond quantitative risk measurement and predictive modeling to a comprehensive understanding of how to build and nurture a corporate culture that encourages successful enterprise risk management.