This Instructors Manual includes answers to end-of-chapter questions as well as some additional

Instructors Manual to Implementing Enterprise Risk

Management: Case Studies and Best Practices

By John R.S. Fraser, Betty J. Simkins, Kristina Narvaez, Editors This Instructors Manual includes answers to end-of-chapter questions as well as some additional teaching notes.There is no instructor manual for chapter 1 1 / 4

Instructor’s Manual Contents

• An Innovative Method to Teaching Enterprise Risk

Management: A Learner-Centered Teaching Approach 8

David R. Lange and Betty J. Simkins

3 ERM at Mars, Incorporated: ERM for Strategy and

Operations 11 Larry Warner

4 Value and Risk: Enterprise Risk Management in Statoil 13

Alf Alviniussen and Ha˚kan Jankensga˚rd

• ERM in Practice at the University of California

Health System 16 Grace Crickette

6 Strategic Risk Management at the LEGO Group:

Integrating Strategy and Risk Management 18 Mark L. Frigo and Hans Læssøe

7 Turning the Organizational Pyramid Upside Down: Ten

Years of Evolution in Enterprise Risk Management at United Grain Growers 22 John Bugalla 2 / 4

Contents

• Housing Association Case Study 24

John Hargreaves

9 Lessons from the Academy: ERM Implementation in

the University Setting 27 Anne E. Lundquist

10 Developing Accountability in Risk Management: The

British Columbia Lottery Corporation Case Study 29 Jacquetta C.M. Goy

11 Starting from Scratch: The Evolution of ERM at the

Workers Compensation Fund 33 Dan M. Hair

12 Measuring Performance: A Value-Add Component in

ERM Programs 35 Janet Nasburg 13 TD Bank’s Approach to an Enterprise Risk Management Program 36 Paul Cunha and Kristina Narvaez

14 A Strategic Approach to Enterprise Risk Management at Zurich Insurance Group 37 Linda Conrad and Kristina Narvaez 15 Embedding ERM into Strategic Planning at the City of Edmonton 38 Ken Baker 16 Leveraging ERM to Practice Strategic Risk Management 39 John Bugalla and James Kallman

17 Developing a Strategic Risk Plan for the Hope City Police Service 41 Andrew Graham 18 Blue Wood Chocolates 45 Stephen McPhie and Rick Nason 3 / 4

CONTENTS

19 Kilgore Custom Milling 51 Rick Nason and Stephen McPhie 20 Implementing Risk Management within Middle Eastern Oil and Gas Companies 56 Alexander Larsen 21 The Role of Root Cause Analysis in Public Safety ERM Programs 62 Andrew Bent 22 JAA Inc. - A Case Study in Creating Value from

Uncertainty: Best Practices in Managing Risk

(A Fictitious Case) 66 Julian du Plessis, Arnold Schanfield, and Alpaslan Menevse

23 Control Complacency: Rogue Trading at Socie´te´

Ge´ne´rale 74 Steve Lindo

24 The Role of VaR in Enterprise Risk Management:

Calculating Value at Risk for Portfolios Held by the Vane Mallory Investment Bank 78 Allissa A. Lee and Betty J. Simkins 25 Uses of Efficient Frontier Analysis in Strategic Risk

Management: A Technical Examination 81

Ward Ching and Loren Nickel

26 Bim Consultants Inc. 83 John R.S. Fraser 27 Nerds Galore 84 Rob Quail 28 The Reluctant General Counsel 87 Norman D. Marks 29 Transforming Risk Management at Akawini Copper 89 Grant Purdy

30 Alleged Corruption at Chessfield: Corporate

Governance and the Risk Oversight Role of the Board of Directors 91 Richard Leblanc

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