'Risk Mitigation Executive' Joins Forces with Forbes Risk Conference

July 11, 2005
Forbes conference group and Risk Mitigation Executive create strategic alliance to reach C-level executives and risk managers

Westport, CT -- Cygnus Business Media, a leading diversified business-to-business media company, announced today that Risk Mitigation Executive newsletter has partnered with the Forbes Conference Group, which produces the Forbes Risk Management Forum. The alliance will reach into America's boardrooms still reeling from Sarbanes-Oxley (SOX) compliance issues that have cost well into the billions since passage and continue to keep executives and board members up at night.

"Managing risk has been on the radar for executives for some time," says Risk Mitigation Executive Publisher and Editor-in-Chief Steve Lasky. "But risk is in all areas of an organization. Working to mitigate potential threats is essential especially when it becomes clear that risk is present inside and outside the corporation. Our alliance with the Forbes Conference Group supports our efforts to deliver crucial risk information to C-level executives nationwide."

A 2003 survey conducted by the Risk Waters Group and SAS, a business intelligence provider, concluded that even with risk mitigation plans in place, poor operational risk management results in staggering losses exceeding hundreds of millions of dollars annually.

"Risk management plans should be fluid and revisited every year," says Bruce Upbin, senior editor, Forbes magazine and Chairman of the Forbes Risk Management Forum. "Everyone at a company has to realize that threats are real and can shut down business operations, blight brands and put employees at risk."

Risk Mitigation Executive's upcoming issue effectively tackles blogging, noting that companies like Xerox, Google, AutoTrader.com, Delta Air Lines, Blockbuster Video, Kaiser Permanente, and Wells Fargo have all been impacted by employee blogs that released sensitive and embarrassing information on the Internet. Some companies like IBM have taken a proactive stance on the issue of blogs, developing corporate blogging guidelines that are meant to diminish improper release of information.

The Forbes Risk Management Forum will take place October 18, 2005 at The Rainbow Room in New York City. Some of the topics to be covered include Developing a "tone at the top"; Reducing the risk of D&O claims; Building reputational capital; Ensuring smooth M&A transitions; and ERM. Key executives scheduled to speak include Steve Forbes, president and CEO of Forbes, Inc., Madelyn Antoncic, head of Global Risk, Lehman Brothers Holdings Inc., Thomas Daula, chief risk officer, Morgan Stanley, Erwin Martens, chief risk officer, TIAA-CREF, Robin Lenna, chief risk officer, Corporate Risk Management, MetLife, Inc. and Amy Butte, EVP & CFO, New York Stock Exchange. Participation includes a networking dinner cruise around Manhattan harbor aboard the Forbes' yacht, The Highlander. Attendees will earn 7 CPE credits. All registrations are subject to approval by Forbes. For more information log onto www.forbesconferences.com/risk.

Risk Mitigation Executive is published monthly. Upcoming issues will help executives identify solutions to timely risk mitigation topics such as security analysis and planning, risk and crisis management, business continuity planning and due diligence, security litigation and law, employee hiring and HR best practices, and leading security techniques. To subscribe to Risk Mitigation Executive , log onto www.riskmitigationexec.com.