What is it?
Process
Enterprise risk management (ERM) is the process of identifying and addressing methodically the potential events that represent risks to the achievement of strategic objectives, or to opportunities to gain competitive advantage.
Risk management is an essential element of the strategic management of any organisation and should be embedded in the ongoing activities of the business. Two widely referenced frameworks include the Committee of Sponsoring Organizations of the Treadway Commission COSO ‘ERM – Integrated Framework’; and the