The Potential Cost and Value of ERM

Director Notes (The Conference Board), Vol. 5, pp. 1-10, March 2013

U of Maryland Legal Studies Research Paper No. 2013-16

11 Pages Posted: 25 Mar 2013

See all articles by Michelle M. Harner

Michelle M. Harner

University of Maryland Francis King Carey School of Law

Date Written: March 1, 2013

Abstract

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

Suggested Citation

Harner, Michelle M., The Potential Cost and Value of ERM (March 1, 2013). Director Notes (The Conference Board), Vol. 5, pp. 1-10, March 2013; U of Maryland Legal Studies Research Paper No. 2013-16. Available at SSRN: https://ssrn.com/abstract=2239161

Michelle M. Harner (Contact Author)

University of Maryland Francis King Carey School of Law ( email )

500 West Baltimore Street
Baltimore, MD 21201-1786
United States
410-706-4238 (Phone)

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