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GRC. ERM. ICRM.* The field of governance and risk management is an alphabet soup of acronyms. Yet, despite the variable terms, the basic definition remains consistent: Effectively mitigating the risks and maximizing the strategic opportunities of the enterprise, from the board of directors and executive team down through the rank and file. Many factors have pushed governance and risk management to the front burner: Intense scrutiny of practices. The vast potential for losses. An increasingly complex global business environment. Spiraling costs. But done right, risk management can do more than cover your assets; it can also be a powerful value engine, helping companies take intelligent risks to enhance enterprise value and make better risk-based strategic and operational decisions. Subscribe: Governance and Risk Management Distribution List * GRC: Governance, Risk & Compliance; ERM: Enterprise Risk Management; ICRM: Integrated Compliance and Risk Management
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