ERM Initiative's new Advisory Board Holds Inaugural Meeting

Arrington Mixon, senior vice president for enterprise credit risk and risk management executive at Bank of America, is chair

March 23, 2007 - Twenty-five professionals who are champions of enterprise risk management within their organizations met for the first time today as the new advisory board for the NC State College of Management's Enterprise Risk Management Initiative.

The board was formed to help guide leaders of the ERM Initiative at the college as they further build the initiative, including the development of graduate courses and outreach to the business community through executive programs, its growing ERM information portal, and other activities.

The advisory board is comprised of a balanced mix of professionals who are ERM advisors or leaders at local or national corporate organizations from several industry sectors. Arrington Mixon, senior vice president enterprise credit risk and risk management executive at Bank of America, is chair of the board. 

"The local and national representation of ERM experts on our advisory board will be a tremendous resource for the ERM Initiative team as we continue to expand our thought leadership activities at national and international levels,” says Mark Beasley, ERM Initiative Director. 

“The talent and strong ERM leadership of our advisory board will ensure that our Initiative continues to address cutting edge issues as enterprises seek to manage the complex portfolio of risks they face each day,” he said.

At the inaugural meeting, Bruce Branson, associate director of the ERM Initiative, led a discussion on the new courses that have already been developed: an Overview of ERM, to be offered in fall 2007; Risk Assessment and Measurement Tools, available in spring 2008, and Corporate Risk Management, also available in spring 2008.

Beasley also announced the upcoming ERM Fundamentals: A Workshop, scheduled for Wednesday, May 9, at NC State's McKimmon Center.

The advisory board members also discussed how they will be helping the Initiative’s leadership team in the following areas:

• Provide advice on ERM curriculum for the College of Management’s graduate programs
• Help the Initiative identify emerging ERM trends and best practices
• Provide insights on the emerging practice of ERM
• Identify education-related needs and opportunities for executives currently leading ERM initiatives in organizations and for the graduate students who will be the next generation of executives
• Assist in planning the Initiative’s ERM roundtables and executive education programs
• Suggest content and direction for the ERM website, and
• Identify avenues of funding for the initiative overall. 

Following is the complete list of NC State’s inaugural ERM Advisory Board members.

• Arrington Mixon, Senior Vice President, Enterprise Credit Risk and Risk Management Executive at Bank of America
• Laura Brooks, Vice President, Enterprise Risk Management, and Chief Risk Officer, Public Service Enterprise Group Incorporated, Newark, NJ
• A.P. Carlton, Partner, Kilpatrick & Stockton, LLP, Raleigh, NC
• Al Decker, Director, Enterprise Risk Management, EDS, Plano, TX
• Jim DeLoach, Managing Director, Protiviti, Inc., Houston, TX
• Debra Elkins, Enterprise Modeling, General Motors R&D, Detroit, MI
• Miles Everson, Partner, Global Risk Management Solutions, PricewaterhouseCoopers, LLP, and project leader for COSO’s Enterprise Risk Management – Integrated Framework, New York, NY
• John Farrell, Partner, Enterprise Risk Management, KPMG, LLP, New York, NY
• Keith Feuz, Partner, Business Risk Services, Ernst & Young, LLP, Raleigh, NC
• Trent Gazzaway, Managing Partner of Corporate Governance, Grant Thornton, LLP, Charlotte, NC
• Mari-Jo Hill, Director, Risk Management, SAS Inc., Cary, NC
• Thomas Hunter, Director, Risk Analytics and Control, Corporate Risk Management, General, Motors Corporation, Detroit, MI
• Randy Nornes, Executive Vice President, Aon Risk Services, Inc., Chicago, IL
• Michael Ressner, Board of Director/Audit Committee Member, Retired Executive, Nortel Networks, Raleigh, NC
• Larry Rittenberg, COSO Chairman and Professor, University of Wisconsin, Madison, WI
• Robert (Bob) Ruprecht, Principal, Enterprise Risk Services, Deloitte LLP, Atlanta, GA
• Prodyot Samanta, Director, Enterprise Risk Management, Standard & Poor’s, Inc., New York, NY
• Spencer Schwartz, Business Financial Officer & Group Head of ERM, MasterCard International
• Laurie Smaldone, Vice President-Strategy, Bristol-Myers Squibb, New York, NY
• Michael Somich, Executive Director of Internal Audits, Duke University, Durham, NC
• Tom Sullivan, Treasurer and Chief Risk Officer, Progress Energy, Raleigh, NC
• Melodye Tomlin, Senior Vice President – Enterprise Risk Management, BB&T Corporation, Wilson, NC
• Don Truslow, Chief Risk Officer, Wachovia Corporation, Charlotte, NC
• David Whatley, UTH Advisors, retired Vice President–Risk Management, Home Depot, Atlanta, GA
• John Wilks, Director, Risk Management Consulting, RSM McGladrey, Inc., Raleigh, NC
• Susan Wilson, Vice President, General Auditor, Reynolds American, Inc (parent of RJR Tobacco), Winston-Salem, NC

About the ERM Initiative at NC State

Launched in 2003, the ERM Initiative at NC State’s College of Management provides thought leadership on enterprise risk management, with an emphasis on the implementation of ERM in strategy and corporate governance. Its four primary areas of focus are:

Outreach to the business community through ERM Roundtables and executive education,
ERM best practice resources through the Initiative’s internet portal,
Research on emerging ERM implementation benefits and implementation challenges, and
Education through the College’s MBA and other graduate programs.

ERM Roundtables

The Initiative hosts six ERM Roundtables during each academic year for business professionals - members of boards of directors, chief financial officers, and chief risk officers - who lead enterprise-wide risk management efforts in the organizations they serve. ERM Roundtables are open to the public free of charge, but registration is required.

The final ERM Roundtable for this academic year will be held Friday, April 27, at the Exploris Museum in Raleigh, N.C., 7:30 a.m. to 9:30 a.m.

The presenters are Marc Jarsulic, Office of Risk Assessmenet, Securities and Exchange Commission, Washington, DC, and Chris Hess, Office of Program Evaluation and Risk Analysis, Internal Revenue Service, Washington, DC. They will discuss “SEC and IRS Perspectives on ERM.”

Contact for more information about the ERM Initiative:
Jess Brooks, ERM Initiative Program Coordinator

Media Contact:
Anna Rzewnicki, Director of Communications
NC State College of Management