Regular Updates to Board Members Result in Robust ERM Conversations

When ERM leaders have a sound process for risk assessment and reporting, and when operating managers are highly motivated to engage in that process, the organization is well prepared for dealing with potential risks. 

The confidence comes from regular, well-structured, and robust conversations among board members--with senior managers and the ERM process owner present--about the desired balance between risk versus reward, things that could tip that balance, and emerging risks.