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Rutgers sets up ERM program in wake of basketball coach firing

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Rutgers sets up ERM program in wake of basketball coach firing

Rutgers University has established an enterprise risk management program in response to recommendations following the firing of former men's basketball coach Mike Rice over his treatment of players.

In a statement Tuesday, the New Brunswick, N.J.-based university said establishing an enterprise risk management system was among recommendations of a July report prepared by Skadden, Arps, Slate, Meagher & Flom L.L.P. as a result of an eight-week review of events leading to Mr. Rice's termination earlier this year and relevant Rutgers policies and procedures.

The university has selected Ted Brown, former deputy attorney general in the New Jersey division of criminal justice and former general counsel at the University of Medicine and Dentistry of New Jersey, to lead the ERM program as senior vice president and chief enterprise risk, ethics and compliance officer.

“Enterprise risk management will provide a comprehensive early warning system to ensure that senior leaders are apprised of emerging universitywide issues and can take steps to address them,” Rutgers President Robert Barchi said in the statement. “The goal here is to break down the silos and establish a universitywide system to recognize potential problems and to take appropriate steps to mitigate and resolve them before they become actual problems.”

Mr. Rice was fired in April after video emerged of him abusing players during practices.

Rutgers said its ERM program will identify risks across the entire university and assign risk owners for each risk area identified; assess and prioritize risks and develop mitigation plans for the most serious ones; develop a crisis management team and crisis response plan for risks with a high likelihood of occurrence and high potential severity; and monitor risks and report mitigation and crisis plans to the university president and board.

Rutgers new Office of Enterprise Risk Management, Ethics and Compliance will provide leadership and coordinate compliance efforts in health care, athletics, public safety, student life, academics, finance, research, human resources, facilities, information technology and data security, the university said. It also will have responsibility for compliance with the New Jersey Open Public Records Act.