The Risk Intelligent Enterprise: ERM Done Right
Issue No. 1 in the Risk Intelligence Series
From the boardroom to the classroom to the newsroom, Enterprise Risk Management (ERM) is a hot topic. Yet 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. As it occurs infrequently, when ERM is done right we believe it deserves special designation; as such, we call these model companies "Risk Intelligent Enterprises."
What characterizes a Risk Intelligent Enterprise? To answer that question, Deloitte & Touche LLP has developed the attached white paper — The Risk Intelligent Enterprise: ERM Done Right. In its pages, you’ll find an insightful definition of Risk Intelligence, a discussion of key concepts, real world examples of proper (and improper) approaches and suggested steps for bringing Risk Intelligence to your organization. Learn more from the full report attached in the pdf below.
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