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Deloitte Enterprise Risk: Issue 1

A quarterly series of books delivering Deloitte's leading knowledge and experience on enterprise risk


ERSThe first issue of "Deloitte Enterprise Risk" – a quarterly series of books, compiled by Deloitte's Enterprise Risk Service ("ERS"), was officially published in July 2011. 

This series of books was designed to replace the previous quarterly magazine "Enterprise Risk" which ran for three issues, and is published by Shanghai Jiao Tong University Press. It brings together Deloitte's leading knowledge, experience and distinctive insights through years of professional services in the area of enterprise risk, focusing on helping companies understand and exchange risk related topics and setting forth Deloitte's professional opinions.

A subscription form is attached below for anyone who is interested in purchasing this book.

Themed "Corporate Governance – Development trend and insight", our inaugural issue covers the following:

Feature – Corporate Governance

  • 2010 Survey of corporate governance in Chinese listed companies
    In order to understand Chinese listed companies' corporate governance status and discuss the methods and approaches to enhance corporate governance, Deloitte China's Enterprise Risk Services ("ERS") conducted a related survey among more than 100 Chinese listed companies in 2010. The survey focused on eight aspects, namely the drivers of corporate governance, the standards to set up a corporate governance structure, current status of corporate governance, the setting of board committees, incentive compensation and performance evaluation of senior management, related party transactions and disclosure, existing problems of governance structure, direction for development.
  • Implementation of CSA in corporate governance
    Beginning with the theory of corporate governance, internal control and CSA, this article introduces the relationship among corporate governance, internal control and CSA, and then describes how a company can appropriately implement CSA in corporate governance. Complemented by a successful CSA case in a world's top 500 manufacturing company, it illustrates the background, approach and deliverables of the CSA project. Problems and obstacles that may exist during the application of CSA are also discussed.
  • The governance structure of private enterprises
    Feng Lun, the chairman of Wantong Group, pointed out in his article that corporate governance structure is the root cause that restricts private enterprises from continuous development. Inspired by Feng's article, Deloitte's expert discusses the corporate governance of private enterprises. The bottleneck in the development of private enterprises includes, no separation of ownership and management, lack of checks and balances of power, lack of professional executive management and huge risk related to business decision-making. Private enterprises can consider setting up reasonable governance structure from shareholders, board, board of supervisors and executive management.
  • Eight "don'ts" in the operation of board
    "Strengthening the functions of the board" is one of the most important principles for a sound corporate governance. How can we make the operation of the board more effective? Based on the common phenomenon in Europe and America and the common situation of current practice, Deloitte's experts summarize eight items that should be avoided in increasing the operational efficiency, namely the overflow of reports, underestimation of the importance of legal compliance, delay in succession plan, the trap of homogenization, focusing too much on short-term performance, unrealizable motion, taking the role of the management team, "autocracy" in the board
  • Set up an authorization system to optimize corporate governance – Introduction to the projects of authorization
    Decision-making mechanism is a very important element in corporate governance. In recent years, with Deloitte's assistance, several state-owned enterprises and private enterprises have been carrying out decision-making and authorization projects in order to improve enterprises' corporate governance and strategic decision-making capacity. This article introduces Deloitte's approach and implementation experience in these projects.
  • Shared reform and corporate governance
    Shared reform is a focus of China's capital market. It also has an impact on corporate governance by not only placing requirements on enterprises, but also providing opportunities for improvement in corporate governance. This article describes the corporate governance issues faced by enterprises, the significance of shared reform to corporate governance, and changes that will be brought to corporate governance.
  • Comparison of opinions on corporate governance in China, the US and Japan
    This is a survey of the opinions towards corporate governance, especially the interests of the company, in China, the US and Japan.


  • Contract risk and compliance
    Many companies accelerate development by establishing partnership with other companies and sustaining such partnership through a variety of legal contracts. The contract provisions are diversified,  thus it is important for companies to check whether the contracts are executed as expected. Such projects in which Deloitte help clients to verify contract performance are termed "Contract Risk and Compliance" projects (CRC). This article introduces the background, necessity and significance of CRC projects.
  • Hedging the market risk of enterprises
    ITIL (IT Infrastructure Library) is an information management practices with 20 years' development, and is adopted by IT industry quickly as a standard way to manage increasingly complex IT environment. This article describes the concept, benefits, import methods and examples of ITIL.

Internal control practices
We will introduce the internal control practices in a series of articles. In this issue, we cover the topic "Sales II: Sales recognition and account receivable collection".

Risk management terminology
In this issue, the featured phrase that is related risk and control is "business continuity management".

Book recommendation
"Winning – 4th Edition".

Related links

  • Enterprise Risk Services
    Learn how we can help you better identify, measure and manage risk and enhance the reliability of your control system and procedures
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