Tom Stanton and Doug Webster

Thomas H. Stanton teaches at Johns Hopkins University. He is President of the Association for Federal Enterprise Risk Management (AFERM) and a former member of the federal Senior Executive Service. He is a Fellow and former board member of the National Academy of Public Administration and formerly chaired the Academy’s Standing Panel on Executive Organization and Management. With a career that spans the practical and the academic, Mr Stanton’s work has led to the creation of new federal offices and approaches to delivering public services more effectively. Mr. Stanton has written several books including A State of Risk: Will Government Sponsored Enterprises Be the Next Financial Crisis? (HarperCollins, 1991), in which he invented the concept of contingent capital (see p 182) now being applied to major financial institutions internationally to help mitigate financial risk. He edited Meeting the Challenge of 9/11: Blueprints for Effective Government (M E Sharpe Publishers, 2006) and Making Government Manageable (co-edited with Benjamin Ginsberg, Johns Hopkins University Press, 2004). Mr. Stanton’s book, Why Some Firms Thrive While Others Fail: Governance and Management Lessons from the Crisis (Oxford University Press, 2012), analyzes differences in leadership, governance, and risk management between firms that successfully navigated the financial crisis and those that failed. Mr. Stanton co-edited, with Douglas Webster, Managing Risk and Performance: A Guide for Government Decision Makers, (John Wiley & Sons, Inc , 2014). Mr. Stanton holds degrees from the University of California at Davis, Yale University, and the Harvard Law School. *************************************************************************************************************************************************** Douglas W. Webster is a Senior Fellow with the George Washington University Center for Excellence in Public Leadership, where he teaches Enterprise Risk Management. He is also the Director of Government to Government Risk Management at the U. S. Agency for International Development and the founder and former president of the Cambio Consulting Group. In 2011, he co-founded the Association for Federal Enterprise Risk Management (AFERM) and served as AFERM’s first president. In 2007 he was confirmed by the U. S. Senate as the Chief Financial Officer of the U. S. Department of Labor, where he served until the end of the George W Bush administration. In 2004, he served as the Principal Finance Advisor to the Iraq Ministry of Transportation under the DoD Coalition Provisional Authority, Baghdad, Iraq. Dr. Webster served a 21-year career in the U. S. Air Force as a C-130 navigator, including combat in Vietnam, as an air operations officer, and as a senior acquisition and engineering management officer. Dr. Webster co-edited, with Thomas H Stanton, Managing Risk and Performance: A Guide for Government Decision Makers, (John Wiley & Sons, Inc , 2014). He is also the co-author of two other books: Activity-Based Costing and Performance and Chasing Change: Building Organizational Capacity in a Turbulent Environment. Dr. Webster serves on the boards of the Pentagon Federal Credit Union and the Penfed Foundation, a charitable organization serving America’s veterans and their families. He is a Fellow of the National Academy of Public Administration. Dr. Webster received a BS in Engineering from the University of California-Los Angeles in 1972, an MS in Systems Management from the University of Southern California in 1983, and a Doctorate in Business Administration from U. S. International University in 1991.