(b)right Ideas

The videos and papers below are part of an award-winning collection of work. Our Founding Principal, David R. Koenig,  was one of the first people to successfully link risk perceptions and risk governance to better corporate performance and improved portfolio returns. His idea, Risk Capital as Commons was honored with one of the innaugural M-Prizes for management innovation.

The concepts reviewed below will change the way you think about governance, risk, and value.

Governance and Performance

An interview with David R. Koenig by the Loyola University Center for Integrated Risk Management and Corporate Governance. 

Risk and Governance

A BrightTalk webinar that examines this critical intersection and how it is often misunderstood.  

Risk Capital as a Commons

A discussion of this award-winning concept and the critically acclaimed book, Governance Reimagined, on the Trust Across America radio show. 

Aligning Compensation Systems with Risk Management

An exploration of the impact that poorly framed incentive structures can have on the value of organizations. 

Full Chapter

The Human Reaction to Risk and Opportunity

An exploration of the impact that human perceptions and reactions to risk have on value.

Full Chapter

The Blind Spots of Risk Management

An  article in the special issue of the Journal of Risk Management in  Financial Institutions about potential failures in the governance of  risk.

Full Article

Rapidly Evolving Risk Landscape is a Growing Governance Challenge, Say Directors

As political and economic interactions become more complex, and as  disruptive technologies and processes make innovation cycles massively  shorter, boards of directors are paying more attention to risk. 

Full Article

Governing the Link Between Pay, Performance, and Risk

As awareness of the link between incentives and employee behavior  becomes more apparent, boards of directors have a responsibility to  ensure that the proper risk-taking culture is being stimulated and not  counteracted by the design of executive and employee incentive  compensation plans that unintentionally encourage negative behaviors. 

Full Article

The Most Interesting Debate in Corporate Governance is Happening in Real Time

The most interesting debate in corporate governance is not happening in  the boardroom or between activist owners and boards. Rather, it’s  happening all across a field of public (aka “permissionless”)  blockchains.

Full Article

Congress is Broken – Does the Solution Come from Random Numbers?

An article discussing the power of random numbers in ridding the U.S. election system of gerrymandreing.

Full Article

Reshaping the Distribution of Outcomes, Not Just Modeling Them

Ultimately, the work of risk managers is about preserving and enhancing the ability for organizations to create value. 

Full Article

The Relationship Between Boards of Directors and Their Risk Management Organizations

A survey and review of board risk governance practices (2008)

Full Report

Risk Management is Freedom

Many people in risk management

are defensive about risk, or they fear it. I seek to give organizations

a better understanding of risk so they can handle it confidently and

better achieve their goals.

Full Article

Finding the Commons to Govern

Rather than reviewing reports on successes and failures - what read and react boards do - the next step for a board needs to be identification of the commons among the elements that drive success.  

Full Article

The Governance of Risk

An introduction to the special issue of the Journal of Risk  Management in Financial Institutions on Risk Governance. 

Full Article

The Governance of Value(s)

An article in the special issue of the Journal of Risk Management  in Financial Institutions on Risk Governance.

Full Article

Moneyball Corporate Governance

An article on the paralells between the well-known Moneyball  story and proper risk governance structures - creating value by  altering the possible outcomes for your organization or investment  portfolio. 

Full Article

Executives Speak Out on Corporate Governance

An article from Forbes  where the author speaks with two highly influential former executives  on the importance of corporate governance using the framework outlined  in the book by David R. Koenig.

Full Article

Are Board Risk Committees Becoming a Fiduciary Expectation?

An  article from the Conference Board of Canada's Risk Watch on the  increasing expectation from investors that boards establish formal risk  committees.

Full Article

An Introduction to Enterprise Risk Management

An  article on the importance of changing enterprise risk management from a  focus on the downside to inclusion of the pursuit  of gain.  

Full Article 

Business Line Advocacy - The Evolution of Risk Management

An article on the evolution of risk managers towards aiding in the creation of value. 

Full Article

Accounting for the Cost of Risk Management

An editorial on the potential cost of risk management on innovation.

Full Article

Risk Management as Value Added

An article on the way in which effective risk management can add value to organization.

Full Article

Using The Value Equation To Exchange Cash Flows And Risk For Better Outcomes

Learn  how to apply the Value Equation in equity valuation, how equity cash  flows are similar to mortage-backed-security cash flows, and how risk  expectations can distort portfolio performance.

Full Article

Divide and Conquer

An article about the conflicts a Chief Risk Officer faces when engaging in both oversight and advocacy.

Full Article

Cyber Risk Governance a Key Responsibility for Boards of Directors

Amid growing demand for accountability and assurance that data, trade  secrets, and infrastructure are secure from cyber- attacks, boards of  directors often find themselves without clear guidance on their  responsibilities as governors.  

Full Article