Enterprise Risk Management – ERM Adoption and Implementation – 5 successful implementation methods

THE EVOLUTION OF ENTERPRISE RISK MANAGEMENT

Over the past two decades enterprise risk management (ERM) has evolved from concepts and visions of how risks should be addressed to a methodology that is becoming entrenched in modern management and is now increasingly expected by those in oversight roles (e.g., governing bodies and regulators).

As Felix Kloman describes in his chapter “A Brief History of Risk Management,” published in Fraser and Simkins (2010), many of the concepts go back a very long time and many of the so-called newly discovered techniques can be

enterprise risk management
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