Sessions

Note: The AFP Corporate Risk Forum Agenda has not been finalized. The following preliminary session information is subject to change.

Forum sessions were defined through collaboration with the AFP Corporate Risk Form Task Force of corporate practitioners.

Thursday - February 14, 2008

8:00-9:15 AM
Keynote
—Michael Raynor
    Author of The Strategy Paradox
You've seen the book, now hear the author speak first-hand in a compelling keynote on strategic risk and return. Raynor will present his unique perspective on how the same admirable leadership qualities - a compelling vision, decisive action and bold management - can maximize both an organization's probability of success or failure. Find out more about this "strategy paradox," how risk management factors in, and why you should help shape a new way of thinking for your organization.

9:15-10:15 AM
General Session Panel: Optimizing Risks and Finding the Upside
—Peter D. Fahrenthold, CTP
    Managing Director Risk Management, Continental Airlines Inc.
—Neil O'Sullivan
    Director, Strategy & Risk Management, Verizon
—C. Jeffery (Jeff) Triplette
    President & Chief Operating Officer, FNC, Inc.
— Nick Zelenczuk
    Senior Vice President of Audit and Risk Management, Bell Canada/BCE
Corporate risk managers face many challenges finding the upside of risk while assisting the business in identifying and optimizing risks. This panel will discuss four leading areas--assessment, measuring risk and results, cultural alignment, and governance--that will set the stage for roundtable discussions throughout the Forum. Session attendees will have the opportunity to join discussions with panel experts during roundtables immediately after this general session.

10:45 AM-12:00 PM
Roundtable: Assessment and Selection
— Nick Zelenczuk
    Senior Vice President of Audit and Risk Management, Bell Canada/BCE
Assessment and selection is critical to properly-aligned risk management programs that support strategy. Increasing its importance, they equally can be part of a planning process and an on-going process that monitors the business as environmental factors change. Identify and prioritize the wrong risks and your program could waste resources while possibly distracting attention away from more destructive risks. This roundtable discussion will focus on assessment frameworks.

10:45 AM-12:00 PM
Roundtable: Measuring Risk and Results
—Peter D. Fahrenthold, CTP
    Managing Director Risk Management, Continental Airlines Inc.
Considering the numerous quantification challenges, debate continues around the value of detailed measurement to planning and ongoing monitoring processes. To support these processes, effective risk and results measurement requires advanced understanding of many disciplines by risk managers, and an applied understanding by the business units. The challenge intensifies with difficult to measure exposures, such as compliance, strategic and operational risks. Hear how other practitioner use risk and results measurement models.

10:45 AM-12:00 PM
Roundtable: Cultural Alignment
—Neil O'Sullivan
    Director, Strategy & Risk Management, Verizon
Aligning strategic and risk management objectives often requires a sizeable cultural shift to ensure consistent views and understanding of risk throughout an organization. While achieving alignment is a monumental challenge, sustaining it is paramount to effective and strategically focused risk management programs. Learn current practices and hear the experience of other practitioners in aligning organizational culture.

10:45 AM-12:00 PM
Roundtable: Governance
—C. Jeffery (Jeff) Triplette
    President & Chief Operating Officer, FNC, Inc.
Governance and compliance activities often are perceived as a value-drain while being something that an organization just has to do. These activities need to be efficient and effective, but they can do more to help an organization take advantage of the upside of risk. Hear what your peers are doing with governance and how some organizations are finding value from these activities.

12:30-1:30 PM
Luncheon Speaker
The Risk Intelligent Enterprise: 10 Fatal Flaws in Modern Risk Management and What to do About Them
—Rick Funston
   Principal and National Practice Leader, Governance & Risk Oversight, Deloitte & Touche
In today's uncertain and complex environment, success demands active risk management, but just when it is most needed, modern risk management is failing. This presentation will address ten fatal flaws in the ways risks are managed today and how leading companies are understanding and managing risks through improved risk intelligence.

2:30-3:30 PM
Roundtable: Risk Analytic, Mapping KRIs to KPIs
—Alex P. Wittenberg
    Managing Director, Global Head of Corporate Risk, Oliver Wyman
A critical component of communicating risk management's value is demonstrating it’s usefulness to executive leadership and the business units. The alignment of key risk indicators (KRIs) and key performance indicators (KPIs) in the organization’s analytical and dashboard framework is becoming a popular method to arm the business with useful tools. Attendees will hear directly from corporate practitioners who have already implemented this framework.

2:30-3:30 PM
Roundtable: An Alternative View of Risk
—Barry Franklin
    Managing Director, Aon Global Risk Consulting
Risk and risk response can be optimized when they are approached with an alternative view. For example, response options surface when you view property insurance as an illiquid long-duration put on real property. Learn from a financial engineer how to view risk differently and hear how other practitioners have applied a different view.

2:30-3:30 PM
Roundtable: Risk in M&A
—Guillermo Gualino
    Assistant Treasurer, Flextronics International Ltd.
M&A activities can destroy value, either as a result of strategic misalignment from the onset or failure to realize synergies. Risk management can bring a lot to the table through the entire corporate growth process. Hear how other risk managers keep their place at the table as their organizations go through acquisitive phases.

2:30-3:30 PM
Roundtable: ERM–What Does It Mean Today?
—Bruce Branson
    Associate Director of the ERM Initiative, NC State University
The concept of enterprise risk management (ERM) has moved in and out of the limelight for many years. For some organizations it is business continuity planning (BCP), for others it has become a de facto compliance requirement. As it has developed, ERM has come to be a way to optimize risk with a firm-wide view and take advantage of risk’s upside. Hear real world examples of implemented programs and where others are in the process.

4:00-5:00 PM
General Session: ERM–What Do Credit Ratings Agencies Want?
—Steven D. Dreyer
    Chief Executive Officer & Co-Founder, Reval.com, Inc.
Credit rating agencies are including formal risk management assessments into their ratings process while regulators ask for increased risk disclosure. There are many questions to address as assessments and disclosures are applied across financial, non-finance and insurance companies. Attendees will hear what rating agencies are looking for when they look at risk programs.

Friday - February 15, 2008

8:30-9:30 AM
General Session: Looking Around the Corner: A Perspective on Global Business Risks in 2008 and Beyond
—Eric Lamarre
    Director, Global Risk, Management McKinsey & Company, Inc.
On top of the credit and financial market turmoil of recent months, there is increased risk of a US recession as well as a wide array of geo-political risks around the globe. Hear from a senior partner from McKinsey's Corporate Risk Initiative Group as he lays out the global risk landscape facing companies in 2008 and beyond.

9:45-10:45 AM
Roundtable: ERM–Where to Begin
—David Fox
    Director, Risk Management, KBR Inc.
Some companies have made it through the first few phases of ERM implementation to find out what they have does not come close to the promise of ERM. Others are just trying to figure out how to get started. Whether you're looking to make the first step, or revisiting where you are in the process, come hear a leading practitioner share tips on where to begin while others already in the process share their experiences.

9:45-10:45 AM
Roundtable: Supply Chain Risk
—Venu Nagali
    Procurement Risk Management Group Lead, Hewlett-Packard Company
Long and thin supply lines, just-in-time inventory strategies, and working capital optimizing practices have lead to greater focus on the risk in an organization’s supply chain. It has become a hot topic as more products and services enter the space. Hear what other risk practitioners are doing to undercover and address these risks.

9:45-10:45 AM
Roundtable: Helping the Business See Risks and Find the Upside
—David P. Groeber
    Director of Finance & Risk Management, Tuthill Corporation
Frameworks, dashboards, tools, and planning sessions build better risk programs, but they can only support strategy when an organization’s philosophy thrives in its culture. Whether cultural shift or a mere fine tuning is in order, reshaping how the business sees and approaches risks will help to reveal the upside opportunities of risk. Hear how one practitioner’s program is reshaping views of risks, and learn how other organizations approach the upside.

11:00 AM-12:00 PM
Panel: The Future of Corporate Risk Management
—Patrick R. Whalen, CTP
    Global Financial Risk Manager, E.I. DuPont Co.
—Michel Bekkers
    Global Director, Financial Risk Management, The Dow Chemical Company
—Chris Mandel
    Head of Enterprise Risk Management, USAA
—Susan Keller
    Managing Director, BlackRock
The corporate risk management discipline is evolving as new products and technologies enter the space at an increasing rate. What will the discipline look like in a few years? What will risk manager roles look like and how will departments be structured? This panel will pose their view of the future of corporate risk management.