This 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.
27 Jun 2012 What Do We Even Mean By Governance?