Ensure Visibility of New or Growing Risks

 

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APQC research indicates a significant process weakness in organizational enterprise risk management (ERM): 43 percent of organizations do not have an ERM process owner who updates the board regularly about shifts in the lineup of risks that are large enough to disrupt strategic intent. In contrast, the organizations that are careful to do so feel confident when it comes to identifying emerging risks that could disrupt strategic initiatives.

In this article, derived from APQC’s best practice report, Enterprise Risk Management: Seven Imperatives for Process Excellence, Rockwell Collins, Exxaro, and Paychex—all best-practice organizations in the study—reveal how their organizations ensure board visibility of new or growing risks.

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