New Deloitte Report Outlines How Risk Intelligent CFOs Can Convert Risk into Opportunity

Date:

May 31, 2011

What:

Deloitte’s new whitepaper, “The Risk Intelligent CFO: Converting Risk into Opportunity,” offers CFOs actionable steps and approaches to achieving effective and sustainable risk management programs, as well as guidance and recommendations on how to become a Risk Intelligent Enterprise™.  

Who:

William Ribaudo, partner, Deloitte & Touche LLP

Sandy Pundmann, partner, Deloitte & Touche LLP

When:

Available immediately

Where:

www.deloitte.com/us/RICFO

Details:

Chief financial officers are commonly viewed by chief executive officers and other finance executives as a leading voice in organizations for risk-related thinking, serving as a conduit of governance and risk knowledge between the compliance functions, the C-suite and the board.  Corporate boards are asking hard questions about risk. Executives want advice and ideas on how to more effectively manage uncertainty in these challenging economic times.  Factor in recent current events, such as natural disasters, product recalls and privacy breaches, and it’s a wonder CFOs have time for anything else.  

Truth of the matter is, no company can mitigate or capitalize on every risk that materializes. Nevertheless, risk should be a factor in virtually every strategic decision and activity of an organization – and the CFO is a keystone in those discussions.

Risk management, however, is hardly about eliminating strategic, operational, financial, and compliance risks. It’s also about understanding where risk should be taken in order to achieve objectives, specifically growth. CFOs, therefore, require a more expansive approach for assessing and understanding risk – a risk-intelligent approach that focuses on creating value, putting strategy at the heart of risk-management initiatives, and scanning the environment for obstacles that stand in their way.

Daniel Mucisko

Christina Kaiser

Public Relations

Public Relations

Deloitte

Hill and Knowlton

+1 973-602-4126

+1 212 885 0566

[email protected]

[email protected]