To thrive in an ever-changing and complex risk environment, leaders look for the most effective way to mitigate an array of potential dangers that can obstruct strategic initiatives and operations.
Aiming to minimize firm-wide risk and striking a balance between risk and reward is nothing new. However, organizations can no longer approach risk management in silos or in an ad hoc manner.
Enterprise risk management (ERM) is viewed through both a 'big picture' and 'detail view' of the organization. Every