Enterprise Risk Management (ERM)

Enterprise Risk Management (ERM)

Enterprise Risk Management (ERM)
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Enterprise Risk Management (ERM) is a corporate wide, integrated process for managing the uncertainties that could negatively or positively influence the achievement of a corporation’s objectives. In the past, was done in a fragmented manner functions or business units.

Enterprise Risk Management (ERM)

Individuals would manage process risk, safety risk, and insurance, financial and other assorted risks. As a result of this fragmented approach, companies would take huge risks in some areas of the business while over managing substantially smaller risks in other areas.   ERM is being adopted because of the increasing amount of environmental uncertainty that can affect an entire corporation. As a result, the position Chief Risk Officer is one of the fastest growing executive positions in US.

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