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Page 1 Recording of this session via any media type is strictly prohibited. Page 1 BE NOTICED! How Risk Managers Can Earn an Elevated Profile in the C-Suite.

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Presentation on theme: "Page 1 Recording of this session via any media type is strictly prohibited. Page 1 BE NOTICED! How Risk Managers Can Earn an Elevated Profile in the C-Suite."— Presentation transcript:

1 Page 1 Recording of this session via any media type is strictly prohibited. Page 1 BE NOTICED! How Risk Managers Can Earn an Elevated Profile in the C-Suite Adding Value that is Recognized and Rewarded

2 Page 2 Recording of this session via any media type is strictly prohibited. Presented by: Joseph W. Bauer Principal, Bauer Advising LLC Former Chief Legal Officer and manager of insurance for global Fortune 500 company. Now an independent adviser to companies and law firms on insurance management and coverage disputes. Settlement mediator and large claim facilitator.

3 Page 3 Recording of this session via any media type is strictly prohibited. The Risk Manager’s Image Today Improving in many companies, as “risk” generally has become a board room buzz word Dramatically improving in those companies where the Risk Manager has gained the notice of the c-suite

4 Page 4 Recording of this session via any media type is strictly prohibited. What Makes the C-suite Notice You? Value that is unexpected That relates to a subject on the c-suite radar And sponsored/championed by a c-suite member

5 Page 5 Recording of this session via any media type is strictly prohibited. What is Unexpected Value? You are expected to be “the insurance person”--being expert at this is not enough So don’t present yourself in that light Prove that you are also a liability management expert, and a business growth management expert

6 Page 6 Recording of this session via any media type is strictly prohibited. Liability Management and the RM Liability Data Claims Data Claims Management If YOU lead in 2 or more, you are important and adding value

7 Page 7 Recording of this session via any media type is strictly prohibited. Liability Management Interests the C- suite—at multiple touch points Balance Sheet (CFO) Legal Effectiveness (CLO) Enterprise Security—ERM (CEO)

8 Page 8 Recording of this session via any media type is strictly prohibited. No One is Better Positioned Than YOU To Manage Liability and Claim Data for both Finance and Legal And Both Should Welcome Your Leadership and Initiative

9 Page 9 Recording of this session via any media type is strictly prohibited. C-suites Like Technology Solutions Have you automated your liability and claim data? If you are “under-automated” you are overlooking a doorway to recognition

10 Page 10 Recording of this session via any media type is strictly prohibited. The Same Expertise is Key to the Other C-suite Need that YOU can Meet and Be Valued For (and may not be currently): Measuring Liability in M&A Deals

11 Page 11 Recording of this session via any media type is strictly prohibited. Nearly All C-suites are preoccupied with M&A Nearly all Boards Worry that Acquisitions Will Saddle Them with Unforeseen Future Liabilities

12 Page 12 Recording of this session via any media type is strictly prohibited. Present Yourself as One Who Can Help the Company Measure Future Liabilities and Claims.... And You Will Make Important Friends

13 Page 13 Recording of this session via any media type is strictly prohibited. Again, Understanding and Managing Liability and Claim Data is Your Key Identify, Assemble and Lead the Resources that Can Model and Measure Liability Data No one in Finance or Legal is better

14 Page 14 Recording of this session via any media type is strictly prohibited. Don’t Go It Alone Champions and Sponsors Are Vital Cultivate Your M&A Role With: Corporate Development Chief General Counsel’s Staff CFO

15 Page 15 Recording of this session via any media type is strictly prohibited. QUESTIONS AND CONTACT INFO Joseph W. Bauer BAUER ADVISING LLC joe.bauer@baueradvising.com 734.277.4606

16 Page 16 Recording of this session via any media type is strictly prohibited. KEEP THIS SLIDE FOR EVALUATION INFORMATION/MOBILE APP ETC. Please complete the survey on the RIMS14 mobile application.


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