One impact of the recent wave of business scandals and failures has been a call for greater regulatory and shareholder oversight. Recent interviews conducted by The Conference Board and Mercer Oliver Wyman with business managers indicate that enterprise risk management (ERM) is gaining ground as a comprehensive approach for evaluating activities and assessing the multitude of risks—including, among others, strategic, operational, financial, hazard, and legal—associated with conducting business. In addition to drawing on these conversations, From Risk Management to Risk Strategy presents the results of a survey of 271 executives on their current ERM practices. The report also contains specific examples of how risks are identified and managed at a number of companies.
- Key Findings
- The Growing Influence of Risk Management
- The Perspectives of Two Rating Agencies
- At Most Companies, ERM is Still a Work in Progress
- The Benefits of Full Implementation
- Looking to the Future
- Over two dozen tables and charts included