Process And The New World Of Risk Management

Deloitte AftershockThis week’s report from Deloitte and Forbes Aftershock: Adjusting To The New World of Risk Management maps the changing landscape in enterprise risk management (ERM).

ERM is now a C-Suite issue according to the 192 execs surveyed. But ERM effectiveness depends upon company-wide engagement.  In the words of one CFO quoted in the report:

“There is always a concern that if you set up a large ERM team, they somehow own risk. It can’t work that way. People that manage the day-to-day business need to own risk”.

It’s worth noting – and some visionary Nimbus clients are already moving in this direction – that many of the top ERM challenges identified in the survey are addressed directly by a business process management platform.

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