Several discussions of the financial crises have alluded to a perceived failure of enterprise risk management. The consensus of the authors of the recently published E-book, Risk Management: The Current Financial Crisis, Lessons Learned and Future Implications, seems to counter this view in that the crisis is not a result of a failure of enterprise risk management per se, but rather a failure to implement ERM processes at all. The panelists will discuss various lessons learned from the current crisis with a view that the key to prudent ERM is in the enactment of a corporate culture that aligns desired performance with incentives and the matching of authority to make decisions with the accountability for the decisions made. Currently, most incentive compensation rewards returns, but without reflecting risk undertaken to achieve them. It's time to balance the two. How can we help? It's our opportunity to serve.