Deloitte Foundation establishes Enterprise Risk Management professorship in the NC State College of Management
Mark Beasley, director of the college’s ERM Initiative, is named Deloitte Professor of Enterprise Risk Management
September 28, 2007 - Raleigh, N.C. - Deloitte and the North Carolina State University College of Management announced today the establishment of the Deloitte Professorship in Enterprise Risk Management at the college.
Mark Beasley, director of the ERM Initiative at the College of Management, has been named the Deloitte Professor of Enterprise Risk Management.
The professorship, funded by a $100,000 gift from Deloitte Foundation, was announced at this fall’s first ERM Roundtable, a popular series of presentations on risk management across the enterprise, presented by the college’s Enterprise Risk Management Initiative.
“University faculty play a critical role in educating the profession's next generation of business leaders,” said Larry Ishol, Deloitte’s Deputy Regional Managing Partner for Audit and Enterprise Risk Services.
“They also contribute significantly to the growth of new knowledge through business and industry channels. Deloitte is proud to support this initiative through a gift that acknowledges the commitment shown by NC State College of Management to research, education and service in the area of enterprise risk management, as evidenced by this popular roundtable series and the faculty’s meaningful research and new course development completed over the past several years,” Ishol said.
“On behalf of the college, I thank Deloitte for this generous support of the ERM Initiative’s mission,” said Ira R. Weiss, dean of the college. “From its start in 2004, faculty members working with the ERM Initiative have expanded greatly their research, education and outreach activities.
“New graduate courses enable our students to enter the workforce with an understanding of the real issues that companies face in managing risk across the enterprise, while our faculty members continue to extend this knowledge beyond campus through executive programs on ERM for banking and other industries,” Weiss said. “They are, in fact, planning a major ERM research conference to be held in 2008. Deloitte’s support will help the initiative continue to fulfill its mission.”
About Mark Beasley
Mark Beasley is professor of accounting and director of the Enterprise Risk Management (ERM) Initiative at NC State’s College of Management. He has been actively involved with the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and currently serves on the COSO Board.
Beasley was part of the leadership team that developed an ERM framework to help boards of directors and senior executives effectively design and implement ERM processes. He is currently working with COSO to develop internal control guidance for smaller businesses. Additionally, he is serving on The Conference Board’s ERM Working Group and Research Advisory Council that is developing guidance to assist boards of directors with their risk management governance. He also serves on the Advisory Board for the Enterprise Risk Management Initiative International (ERMII), a consortium of universities around the world focused on ERM education and research.
About the ERM Initiative
Business professionals are well aware that expectations are growing rapidly for boards of directors, audit committees, and senior executives to design and implement effective enterprise risk management systems to protect and enhance an entity's value. They are looking for new tools and methods that will help them manage risk more effectively across the enterprise – and to remain competitive. The ERM Initiative was created to meet this growing need and is funded in part by a $1 million gift from the Bank of America Foundation. With the help of a $1 million commitment from the Bank of America Foundation, the NC State ERM Initiative is pioneering the development of this emergent discipline through outreach to business professionals, with its ongoing ERM Roundtable Series; research, advancing knowledge and understanding of ERM issues; and undergraduate and graduate business education for the next generation of business executives.
About the North Carolina State University College of Management
The NC State College of Management in Raleigh, N.C. includes the Jenkins Graduate School of Management and the Undergraduate Programs Office. The Jenkins Graduate School includes the Master of Accounting, Master of Business Administration (MBA) and Graduate Economics programs. The MBA Program offers eight concentrations of study delivered at the NC State campus and at its Research Triangle Park location. The Graduate Economics program is administered jointly with NC State’s College of Agriculture and Life Sciences, and offers masters and doctoral degree programs. The College of Management’s Undergraduate Programs Office offers bachelor’s degree programs in accounting, business management and economics. Helping to support faculty research, curriculum development and outreach are the college’s centers and initiatives: BioPharma Management Initiative, Center for Innovation Management Studies, Enterprise Risk Management Initiative, Entrepreneurship Education Initiative, Foundations of Free Societies, Supply Chain Resource Cooperative, and Technology, Entrepreneurship and Commercialization. For more information, please visit the college’s website at www.mgt.ncsu.edu.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP. (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.
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Media contacts:
NC State College of Management
Anna Rzewnicki, director of communications
O: 919.513.4478
C: 919.961.0205
anna_rzewnicki@ncsu.edu
Deloitte
David Thompson
Public Relations Manager
Deloitte Services LP
(404) 942-6515
davidthompson@deloitte.com