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Enterprise Risk Management: What top management wants from its ERM program |
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Robert Mark Carl Spetzler |
Enterprise Risk Management -- or ERM in management parlance -- is top of mind among many CEOs and boards of directors. And not just in the financial industries, where the subprime mortgage crisis has triggered a broad malaise. Debt rating agencies and regulators are beginning to step up their scrutiny of corporations' risk management processes. Now all corporate leaders are paying attention to their methods and processes for dealing with risk and uncertainty. Many companies have a Corporate Risk Officer in place or are implementing an enterprise governance, risk and compliance platform. If your ERM is compliance-centric, the effort will miss the real opportunity to protect and enhance shareholder value.