From the boardroom to the classroom to the newsroom, enterprise risk management (ERM) is a hot topic. Despite this widespread awareness, a standard definition of ERM remains elusive, and the range of practices falling loosely under the heading of ERM is vast and growing.

Some business sectors manage industry-specific risks with a high degree of sophistication; others have a less refined approach. But it is a rare company, we contend, that intelligently manages the full spectrum of risk by assessing and addressing risk from all perspectives and quarters.

Since it occurs so infrequently, we believe that when ERM is done right it deserves special designation. As such, we call these model companies Risk Intelligent Enterprises.

What, exactly, is a Risk Intelligent Enterprise? And, more important, how can your company become one? In this Deloitte Insights podcast, Rick Funston, principal, and Steve Wagner, partner, both from Deloitte & Touche LLP, discuss the rewards of risk. (58 minutes)

Related Content:
Resources: Enterprise Risk Management
Dbriefs Webcasts: Financial Executive series

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