There’s been tremendous confusion about what enterprise risk management (ERM) is and its benefit to an organization. Some executives have embraced the concept while others have reluctantly agreed to ERM initiatives because of stakeholder pressure. This confusion is partly because of organizational complexity, but mostly because executives believe their organizations already manage risks. Executives commonly ask, “If we already manage risks, what’s the value proposition of ERM?”
If this sounds familiar to you, click here to read an article explaining ERM and BKD’s implementation approach.