Taking an Executive View of Risk Management

 

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It’s the foundational principle of change management: initiatives need executive-level support to succeed. And when it concerns enterprise risk management (ERM), senior leaders and high-level committees are uniquely positioned to understand and oversee an organization’s overall risk picture. During the 2009 study Risky Business II: Enterprise Risk Management as a Core Management Process, the best-practice organizations benchmarked senior managers as sponsors, and included them as members of the core ERM group.

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