Enterprise Risk Management - 2
- Topics:
- Risk Analysis and Management
- Tags:
- Business Operations,
- Shareholder,
- Risk Management Strategy,
- Risk Management,
- Management,
- Financial Services,
- Financial Planning,
- Finance,
- Enterprise Risk Management,
- Business Security,
- ...
- Source:
- Aon
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Overview: This article is second part review of Enterprise Risk Management (ERM), which focuses on helping companies develop broader risk management strategies that support the maximization of shareholder wealth. ERM is a comprehensive process and perspective for helping companies develop risk management strategies that support the maximization of shareholder wealth. It is an organization-wide process of identifying, quantifying, modeling, and financing risk. Making the transition to a strategic approach to risk management involves a number of steps that include: establishing objectives and an ERM team comprising professionals with different backgrounds from throughout the company who have responsibility for risk; creating a business risk profile; developing and implementing a comprehensive risk management strategy.
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Format: PDF | Size: 92KB | Date: Jan 1999 | Pages: 12
