The Potential Cost and Value of ERM
Director Notes (The Conference Board), Vol. 5, pp. 1-10, March 2013
11 Pages Posted: 25 Mar 2013
Date Written: March 1, 2013
The concept of enterprise risk management (ERM) as a holistic approach to managing a company's risk profile has tremendous appeal. However, companies are frequently skeptical about its value and whether the results will justify the cost, effort, and challenges of implementing a meaningful ERM process. This report considers some of those concerns and highlights the governance, compliance, and cultural value of ERM.
Keywords: enterprise risk management, financial risk
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