ERM Frameworks and Responses to risk [8]

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Bullet points include: Aligning risk appetite and strategy. ERM means including risk appetite in evaluation of strategic alternatives, setting objectives etc. Enhancing risk response decisions. ERM provides rigour in identifying and selecting between alternative risk responses Reducing operational surprises and losses. ERM enhances capability to identify potential events and respond appropriately Identifying and managing multiple and cross-enterprise risks. ERM facilitates effective response to interrelated impacts Seizing opportunities. ERM helps management identify and proactively realize opportunities Improving deployment of capital. ERM helps provide robust information

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