How to embed ERM into the organization

The Center for Excellence in ERM is releasing the latest white paper on “Embedding ERM into the Organization.” Some highlights include:

• Senior management and the board are highly risk aware. Others in the organizations need to step it up to get on the same page.

• Senior management, management, and strategy are the three areas most likely to see the upside of ERM. ERM leaders should partner with them in developing the value proposition.

• The top ways ERM supports the organization are assessments, workshops, guidance, identifying and building ERM, and risk monitoring. There are many other tools in the ERM toolbox. ERM leaders should choose the tool that best fits their organizational needs and culture.

• New risks are being considered more and more, with major decisions, new strategies, and new partners showing up at the top.

• Silo risk management is still a problem and a significant barrier to overcome. Several techniques for improving the integrated risk conversation were identified.