Integrating ERM in Senior Decision Making Processes
This major North American manufacturing company quickly adopted and implemented Enterprise Risk Management (ERM) best practices, including: a practical overall framework, statements regarding risk appetite, capacity and tolerance, key risk sponsorship at the highest level of the organization, clear risk accountabilities and championship, key risk indicators and risk management performance measures. Its ERM framework was closely linked to strategic planning, and included business continuity management as well as crisis management planning, testing maintenance and communication – including mobile technology platforms.
