The Secret to Great Enterprise Risk Management? Read Yertle the Turtle

Mark Ohringer, Global General Counsel, Jones Lang LaSalle Incorporated, USA

Most companies now have fairly extensive enterprise risk management programs. Public companies even have to discuss in their disclosure documents how their programs work. But they obviously aren’t working all that well, are they? Think massive oil spills, rogue trading at banks, toxic derivatives, crashed law firms, a cruise ship lying on its side. People killed, seas fouled, financial systems brought to the brink, careers ruined, pensions trashed. And that’s just in the last few years.

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USA Management Property May 2013 Vol. 6, No. 23, Spring 2013

Mark Ohringer

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Mark J. Ohringer is the Global General Counsel, Corporate Secretary and Chief Ethics Officer of Jones Lang LaSalle Incorporated. The views he expresses are his own and this article is written personally and not as a representative of his employer. Jones Lang LaSalle is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate.

Jones Lang LaSalle Incorporated

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With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management.

USA Management Property May 2013 Vol. 6, No. 23, Spring 2013