Implementing a sound and robust ERM process is critical for every company to preserve shareholder value and corporate assets. Effective risk management and assessments of effectiveness should be implemented in the normal course of operations to help highlight opportunities as well as preparedness for risk. How does a company go about implementing an ERM process? What level of collaboration is needed to ensure effective risk assessment throughout the organization? This session will discuss these items in addition to common advantages and pitfalls of ERM in the strategic planning/budgeting process.
Provide an understanding of ERM and how to embed it within an organization for effective strategy and budgeting exercises.
Increase awareness of types of risk functions to increase collaboration within an organization
Highlight common benefits and pitfalls of implementing an ERM process