Enterprise Risk Management “ERM” is a process used in strategy setting and across the enterprise by an entity’s board of directors, management, and other personnel to identify potential events that may affect the entity and manage risks to be within its risk appetite, in order to provide reasonable assurance regarding the achievement of entity objectives. ERM enables managers to influence the firm’s overall risk posture by demanding that certain business segments engage in or refrain from engaging in specific activities.
“ERM” Framework is a comprehensive method to detecting, analyzing, and treating risk in the context of our risk environment.
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