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Fundamentals of Enterprise Risk Management by John J. HAMPTON

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CHAPTER 24EVOLVING ERM SINCE 2004

RISK QUOTE: Champions aren’t made in the gyms. Champions are made from something they have deep inside them—a desire, a dream, and a vision.

—MUHAMMAD Ali, boxer

RISK QUOTE: It is impossible for a man to be cheated by anyone but himself.

—RALPH WALDO EMERSON, POET AND ESSAYIST

When I arrived at Saint Peter’s College in 2004, I asked permission to put the words “specializing in enterprise risk management” on my business cards. I received that permission. Since then, every time I hand someone a card, he or she says something like “Oh, I’ve heard of enterprise risk management. Exactly what is it?”

That would be a fine reaction to a new idea that needs more traction. It is, however, something of a sad commentary ...

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