Ethics of Risk Management
Friday, December 8, 2017
Corporations often work with large amounts of other people's money with executive's reaping huge rewards for providing investors a good return. But what happens when their bets turn sour? What are reasonable and ethical risks for management to take and which ones are not? This session will examine the ethical issues relating to risk management and financial management's role in the risk management process. This ethics course provides general ethics CPE credit. It is not intended to satisfy any state specific ethics requirements unless the course description specifies that it will.
Please Note: This course is not approved for Texas, Florida, Virginia, Washington Ethics or any other state with a state specific ethics requirement. Contact firstname.lastname@example.org if you have specific questions on your state.
*Learn how concepts of ethics and risk are integrated
*Understand behavioral aspects of risk assessment for corporations and individuals
*Understand deceptions, distortions, and biases in strategic decisions and ways to overcome them
*Develop criteria to determine how much risk you can sleep with at night
*How does the concept of ethics integrate with the concept of risk?
*What aspects of risk assessment may flag unethical behaviors?
*What distortions, deceptions, and biases may reduce competency to frame risk and make risk decisions?
*How has behavioral bias blocked rational investment in today’s economy? *What are possible solutions?
*What criteria effectively gauge how much risk we can sleep with at night?
*How can an organization’s structure optimally integrate risk, governance, ethics, and compliance?