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

May 2013
ManagementProperty

Abstract

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.

Author

Portrait image of Mark Ohringer
Mark Ohringer
Global General Counsel, Jones Lang LaSalle, USA

Mark J. Ohringer has been Executive Vice President, General Counsel and Corporate Secretary of Jones Lang LaSalle Incorporated since April 2003. He oversees the firm’s legal, compliance, ethics and insurance programs on a global basis. With over 80,000 employees in more than 80 countries, Jones Lang LaSalle (NYSE:JLL; www.jll.com) provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients. It is an industry leader in property and corporate facility management services, with a portfolio of 3 billion square feet worldwide. Its LaSalle Investment Management subsidiary is one of the world’s largest and most diversified real estate investment management firms, with over $60 billion of assets under management. From April 2002 through March 2003, Mark served as Senior Vice President, General Counsel and Secretary of Kemper Insurance Group, Inc., an insurance holding company. Prior to that, he served as General Counsel and Secretary of Heller Financial, Inc., a commercial finance company, since September 2000. He had previously served in various positions of increasing responsibility within the Heller Financial legal services function. Prior to joining Heller, Mark was a Partner at the law firm of Winston & Strawn. He has a B.A. in Economics (summa cum laude) from Yale College and a J.D. from Stanford Law School. In 2011, Mark was named by the Ethisphere Institute as one of the world’s “100 Most Influential People in Business Ethics.” In 2012, he was named by Corporate Board Member as one of America’s Top General Counsel.

Company

Jones Lang LaSalle logo

Jones Lang LaSalle

Jones Lang LaSalle is a financial and professional services firm specialising in real estate services and investment management. More than 80,000 people in over 80 countries serve the local, regional and global real estate needs of those clients, growing the company in the process. In response to changing client expectations and market conditions, Jones Lang LaSalle assemble teams of experts who deliver integrated services built on market insight and foresight, sound research and relevant market knowledge.

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