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Professional Linkage Seminar (394-LK-31)

Topic

Organizational Risk Management

Instructors

David Lourie
David Lourie is a business person and attorney who works at the intersection of business law, organizational behavior, and human resources management. David works in the growth equity space where he focuses on building successful, high performance companies with strong organizational cultures. David also works extensively on Environmental, Social, and Governance (“ESG”) issues to ensure that organizations are on the cutting edge of social responsibility and inclusivity. Further, David is responsible for ensuring compliance with all SEC regulations and additional laws. David has also served as a judicial law clerk to two federal judges on the United States District Court, where he provided legal compliance advice regarding cases dealing with a multitude of complex laws and regulations.

Meeting Info

Kresge Centennial Hall 2-319: Thurs 5:00PM - 7:50PM

Overview of class


*INFORMATION IS SUBJECT TO CHANGE*


The instructor of this course is David Lourie.

Risk Management is one of the most important business skills every student needs to learn and understand for a successful career. Organizations are increasingly understanding the lessons learned from the major risk management disasters of this century (e.g., 2008 financial crisis, MF Global, Wells Fargo, Enron, Theranos) and see that lapses in risk management have resulted in significant losses for organizations in diverse industries. Therefore, organizations have increasingly implemented risk management programs and processes to get ahead of problems before they arise.

In recent years, risk management has evolved from a control function (e.g., minimizing risk) to a function that enables performance optimization. Effective risk management programs can and should both minimize risk while supporting business growth and profitability. Risk Management is about balancing risk and reward - the best business leaders take intelligent risks by pursuing the right business opportunities given the organization's capabilities.

Risk Management effects all areas of an organization and therefore this course will explore risk management in several facets of an organization. We will study many fascinating areas of risk in this course including operational risk, compliance and regulatory risk, financial risk, insurance, and IT/cybersecurity risk.

This class will add significant value to your future careers. Risk management is ultimately about people because a company's risk profile is driven by the decisions and actions of individual employees. Risk management will be a part of your future career as an employee no matter what your role - each employee responsible for helping to manage risk.

When you understand and implement what we learn in this course, you will be seen as a valuable organizational asset by your employer and be a more effective leader and employee.

Evaluation Method


  1. Class Participation (30%)

  2. Take-Home Midterm Examination (20%)

  3. Research Paper and accompanying Chief Risk Officer Student Presentation (25%)

  4. Take-Home Final Examination (25%)

Class Materials (Required)

Enterprise Risk Management: From Incentives to Controls (2nd Edition), Lam, James, Wiley Finance, 2014
ISBN-13: 978-1118413616
$21 (Approx. Price)

Billion Dollar Lessons, What You Can Learn from the Most Inexcusable Business Failures of the Last 25 Years, Carroll, Paul & Mui, Chunka, Portfolio, 2008
ISBN-13: ‏978-1591842897
$23 (Approx. Price)

Class Notes

There are no waitlists for BUS_INST courses. If the class closes before your registration time, please check back.

For more information, please view sample syllabus: https://businessinstitutions.northwestern.edu/courses/course-descriptions/index.html

Class Attributes

Attendance at 1st class mandatory