Risk Management for
Globally Interconnected Enterprises

Sixth Annual National Corporate Governance Conference

Presented by

The University of Texas at Dallas School of Management
Institute for Excellence in Corporate Governance (IECG)

Register Online

Conference Overview

"Risk Management for Globally Interconnected Enterprises" is designed to focus directors, senior management, lenders, and institutional investors on acceptable strategies for deciding whether to accept or reject added risk within the context of their enterprise's risk capacity. Risk management strategies will be evaluated as will techniques for identifying other factors critical to the risk acceptance/rejection decision and its global economic impact.

Keynote Speaker: Dr. Reatha Clark King, Director, Exxon Mobil; Formerly: President and Board Chair, General Mills Foundation

"The Impact of Risk on Global Strategy"

Leaders of global enterprises must effectively relate and balance numerous factors. Three of these are governance, strategic decisions, and risk. Risk is present in most decision-making situations, especially strategic decisions. Because directors and senior management are heavily involved with strategic issues, they often encounter new risks having increased complexity and complications. If such risks are also multiplying, enterprise shareholder value could be devastated.  Thus, an enterprise must develop, implement, and monitor sound corporate governance systems that would provide for the effective oversight of risk management processes.  Without such processes, the economic results of poorly monitored risk acceptance/avoidance decisions could result in strategic decisions that could create globe-encircling, domino effect-like detrimental consequences. Such situations penetrate the core of an enterprise's competitive position and beyond to other organizations world-wide. The effect is injurious to the long-term health of the interconnected global economy.

Paul Dickerson, JD, CPA; COO, Energy Efficiency and Renewable Energy, Office of the Assistant Secretary, U.S. Department of Energy

"Global Energy Risk"

Energy availability is a global issue that has taken center stage for the inhabitants of the planet. Experts have recognized the risk posed by the growing energy crisis and have posted warnings that have gone largely unheeded by the world's governments, businesses, and other entities. The common concern now is how to resolve this issue and the risks posed for economic growth, political stability, environmental sustainability, and other such critical issues.

Jose Guimaraes Monforte, CEO, Brazilian Corporate Governance Institute

"Risk Factors and Risk Management in Latin America"

Each major segment of the world economy faces its own unique risk factors and has developed ways to cope with these. The speaker will consider various approaches to identifying and assessing risk in decisions with global ramifications from the perspective of both Latin American businesspersons as well as U.S. businesspersons operating in that part of the Western Hemisphere.

Keynote Speaker II: The Honorable Thomas Ridge, Former U.S. Secretary of Homeland Security and Governor of Pennsylvania

"Measurement and Reporting of Risk in Interconnected Organizations"

The inextricable link between security and prosperity in an interdependent world has generated enormous benefits but also consequent challenges.  Terrorism, natural disasters, criminal acts, vendor issues, accidents and geopolitical influences can have debilitating effects on economies and thus have put issues such as supply chain security, cross-border collaborations and security investment at the forefront of every proactive business and government agenda. Secretary Ridge, the Nation's first secretary of Homeland Security and former governor of Pennsylvania, will share his views of today's risk-centric environment and how to minimize those risks in favor of greater resiliency and security across the globe.

Concluding Remarks and Conference Evaluation

Dr. Constantine Konstans
Professor of Accounting and Information Management
Executive Director, Institute for Excellence in Corporate Governance
The University of Texas at Dallas