By: Tim J. Leech
Enterprise Risk Management (“ERM”) as a movement has been around for more than a decade. Unfortunately, a 2010 COSO survey disclosed that only limited progress has been made convincing senior management and boards that ERM is key to maximizing and safeguarding long term enterprise value, ![]() In light of the massive wave of corporate governance failures linked to the global financial crisis of 2008, regulators in the U.S., Canada, Europe and elsewhere now require public companies disclose specifics on how their boards of directors oversee the effectiveness of risk management. At the same time, institutional investors, credit rating agencies, and board of director associations are all calling for major improvements in risk management and oversight. |
Continue reading here: The High Cost of ERM Herd Mentality