1. Annual Report of the ERM Initiative
July 1, 2007

2. Content
ERM Initiative Vision, Mission, and Four Core Strategies
Overview of Accomplishments
Preview of Planned Activities for

3. To be internationally recognized as an ERM thought leader.
Vision
To be internationally recognized as an ERM thought leader.
Mission
To be a national and international thought leader in enterprise risk management (ERM) and in the implementation of ERM in strategy development and corporate governance.

4. 4 Pillars of Core Strategies
Becoming internationally recognized
thought leader
Outreach
Internet
Research
Curriculum

5. Overview of Accomplishments

6. Outreach - ERM Initiative Advisory Board
Internationally recognized through our…
Outreach - ERM Initiative Advisory Board
Bank of America
Public Service Enterprise Group, Inc.
MasterCard International
Kilpatrick Stockton, LLP
EDS
Protiviti, Inc.
Reynolds American (RJR)
Grant Thornton
AllState Insurance
Progress Energy
BB&T Corporation
Aon Risk Services, Inc.
Nortel
Retired – Home Depot
McGladry Pullen
University of Wisconsin – Madison
Ernst & Young
General Motors R&D
Standard & Poors
Wachovia
PricewaterhouseCoopers, LLP
Bristol-Myers Squibb
KPMG, LLP
Duke University
Deloitte
SAS Inc.

7. Internationally recognized through….
Outreach – ERM Roundtables
6 Roundtables featuring
Wachovia AON Risk Services
Reynolds American Cisco Systems
Bristol-Meyers Squibb Internal Revenue Service and
Securities & Exchange Commission
attendance exceeds 800
Branding through marketing efforts
12 Wall Street Journal announcements
6 Triangle, Triad, Charlotte Business Journal announcements
24 days of NPR Radio announcements
6,000 individuals in our database who receive s and brochures about our activities
ERM Initiative was featured story in the News & Observer – May 10, 2007

8. Internationally recognized through….
Outreach – Executive Education
Bank Director Training for State Banking Commission
Two sessions (September 06 and April 07)
70 participants (who serve on bank boards of directors)
ERM Fundamentals Workshop – May 9th
57 business professionals attended

9. Internationally recognized through….
Outreach – Presentations
International Speaking
Istanbul, Turkey – 5,000 delegates from the world
Ottawa, Canada – along with Controller General of Canada
National Speaking – 6 conferences
Including staff of Federal Reserve
Across North Carolina – 7 conferences
Including State Controllers office and 300 state agency heads
Webinar Presentations
3 Webinars hosted by
SAS Institute of Internal Auditors Compliance 360

10. Internationally recognized through….
Outreach – National Task Force Service
COSO Board
ERM Working Group for Government Results Center
May 21 presentation to Federal agency leaders - DC
The Conference Board – Research study adviser
Committee of Chief Risk Officers
Attended 2 CCRO meetings – seeking university involvement
ERMII Board Member - Consortium of 12 universities around world

11. Internationally recognized through….
Internet
1st page Google search – “enterprise risk management”
Random s and calls thanking us for content
ERM Resources
– over 40 white papers, surveys, business press articles summarized, books, conceptual frameworks
ERM in the News
What’s Happening – faculty activities and accomplishments

12. Internationally recognized through….
Research
ERM Initiative Faculty Fellows
7 papers under way
2 submitted to academic journals
Journal of Banking and Finance
Published or Forthcoming - 4 papers
Research Awards
Best Paper Award – Presented at ERM Symposium Chicago
Beasley, Pagach, Warr

13. Internationally recognized through….
Research
Research Grants
GARP – study firm performance and ERM implementation
IBM – study state of ERM for government sector
AICPA – study state of ERM in non-financial services/insurance
EEED – Develop executive education on ERM tailored for small to medium businesses

14. Internationally recognized through….
Research
ERM Research Fellows
21 academics around country
Speaker at Research Conferences/Seminars
ERM Symposium Chicago
University of Michigan
Ohio State
University of Wisconsin - Milwaukee

15. Internationally recognized through….
Curriculum
2 courses under development
Overview of ERM
Risk Measurement Tools – Anticipate offering Spring ‘08
Re-launch of Finance Risk Management Course
Re-title of Global Strategies and Risk Management Course

16. Internationally recognized through….
Curriculum
MAC Concentration
Overview of ERM, plus one additional ERM course
MBA Elective
Not concentration at this point
Encourage finance and supply chain concentrations – huge opportunities

17. Planned Activities for

18. Activities Still Centered Around 4 Pillars to Strategy
Becoming internationally recognized
thought leader
Outreach
Internet
Research
Curriculum

19. Outreach - ERM Initiative Advisory Board
Internationally recognized through our…
Outreach - ERM Initiative Advisory Board
Next Advisory Board meeting – Friday, September 28, 2007 (Exploris Museum)
Creating 3 subcommittees
ERM Roundtables and Executive Education
ERM Curriculum and Research
ERM Web site
Plan to add up to 10 more members as opportunities arise

20. Internationally recognized through….
Outreach – ERM Roundtables
Six to be offered – 3 in Fall 07 and 3 in Spring 08
Fall 2007 Roundtable Dates
Friday, September 28, 2007
Michael Raynor, author of The Strategy Paradox
Presenting Sponsor: Deloitte
Friday, November 2, 2007
Spencer Schwartz, MasterCard International
Presenting Sponsor: Jefferson Wells
Friday, December 7, 2007
Stephen Gross, Chief Actuary of the U.S. Social Security Administration

21. Internationally recognized through….
Outreach – Executive Education
ERM Fundamentals Workshop – September 20th
One-day workshop for business professionals
Fee: $695 for early registrations
Location: Exploris Museum
Bank Director Training for State Banking Commission
New offering – Merger & Acquisition Strategy: Creating and Preserving Value
October 25 – 26, 2007 – Grandover Resort, Greensboro
Participants restricted to bank directors
Fee: $550 for early registrations

22. Internationally recognized through….
Outreach – Executive Education
Strategic Risk Management – October 2007
Partnering with DePaul’s Center for Strategy, Execution, and Valuation
One-day course on Managing Strategic Risk for business professionals to be offered in Chicago
AON will be presenting sponsor
Fee: $895 for early registrations
AICPA Partnership for Audit Committee Training
Partnering with AICPA to deliver ERM training for audit committees
To be offered at the AICPA offices in New York
February 2008

23. Internationally recognized through….
Internet
Goal to keep site on 1st page Google search – “enterprise risk management”
ERM Resources
Continue to expand ERM Resources section of website
Expand organizational infrastructure to help web site visitors navigate among our ERM Resources

24. Internationally recognized through….
Research
Expand ERM Research Fellows
Currently 21 academics around country
Host ERM Research Conference
February 2008
Submit research funding proposals in response to calls for ERM Research
Complete research funded by IBM and AICPA
Continue ERM Initiative Faculty Fellows program for COM faculty

25. Internationally recognized through….
Curriculum
Support delivery of the MBA course Overview of ERM
Over 30 registered for Fall 07
Secure launch of the Risk Measurement Tools course
To be taught in Spring 08
Work with new finance hire to help re-launch of Finance Risk Management Course
Scheduled launch Spring 08
Re-title of Global Strategies and Risk Management Course

26. To be internationally recognized as an ERM thought leader.
Vision
To be internationally recognized as an ERM thought leader.
Mission
To be a national and international thought leader in enterprise risk management (ERM) and in the implementation of ERM in strategy development and corporate governance.