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Thursday, April 24, 2014

Building Blocks in a Global Economy

Rico Ferrarese

The registration for Building Blocks in a Global Economy is full. To be put on a wait-list, please contact CEBC at or 651.962.4120. Thanks!

Please join us for Building Blocks in a Global Economy, a roundtable on Lego’s Strategy for Ethics, Risk and Sustainability featuring Rico Ferrarese, senior strategic risk manager of the LEGO Group (Denmark).

Just as “The Lego Movie” hits theaters, we have an opportunity to learn from Lego’s business experience and growing expertise in risk management. Ferrarese will focus on the intersection – and overlap – among ethics and compliance, sustainability, risk and business strategy in a hyper-competitive global economy.

Founded in 1932, based in the small town of Billund, Denmark, Lego patented its famous building block in 1958, experienced rapid growth, nearly went bankrupt in 2003-2004, yet stormed back to be the world’s second largest, but most profitable toy maker. It continues to confront the challenging and rapid globalization of the business environment.

Lego provides the context exploring the emergence of enterprise risk management and the role of chief risk officer and a number of key questions:

  • Is there a basis for high level, ongoing interaction among those responsible for leading on governance, ethics and compliance, risk and CSR/sustainability?
  • Is it true to say that each field of practice seems to have some concerns in common: aligning business practices with corporate values and culture(s) and extending the horizon for business planning and strategizing?
  • If so, how can these common concerns connect, and how can interaction among these fields be structured to provide leaders a more holistic context for navigating in an increasingly complex world?

In addition to Mr. Ferrarese, three individuals with substantial experience in navigating business, ethics and sustainability risks will be on hand to contribute insights: Jette Birkeholm Møller, strategic risk manager at LEGO (Denmark); Torben Juul Andersen – former business executive and professor of Strategy and International Management at the Copenhagen Business School; and Peter Young, professor and 3M Endowed Chair in International Business in the Management Department at the University of St. Thomas Opus College of Business. The roundtable will be moderated by Ron James, president and CEO, Center for Ethical Business Cultures.

Registration Information

Due to the generous support of the University of St. Thomas Blanch Risk Leadership Initiative, there is no registration fee for this event. However, advanced registration is required. A light continental breakfast will be served.

Co-sponsored by CEBC, The Veritas Institute and the University of St. Thomas 3M Endowed Chair in International Business, this program is designed for executives and managers in risk, ethics and compliance and CSR/sustainability.

About Our Presenter

Rico Ferrarese is senior strategic risk manager for the LEGO Group. Ferrarese’s extensive international experience with LEGO over the past seven years has enabled him to develop and implement the company’s strategic risk management processes, and he has conducted including a systematic validation of LEGO’s enterprise risk management system against the ISO 31,000 guidance on risk management. Ferrarese pursues a proactive approach to ensure that risk management is embedded in the design of business projects and strategies. In addition to his service as a military officer, he holds a Masters in Strategic Planning and an MBA from Heriot-Watt University.

Date, Time, and Location

Thursday, April 24, 2014, 8:00 am

Roundtable: 8 - 10 am

University of St. Thomas
Opus College of Business
1000 LaSalle Avenue
Terrence Murphy Hall
Room 252
Minneapolis, MN 55403

Map: http://www.stthomas.edu/campusmaps/minneapoliscampus/