Ease into initial enterprise risk management efforts SAN FRANCISCO — While many organizations first embarking on an enterprise risk management program are overwhelmed by a perceived need to understand and quantify all their risks, an incremental approach to difficult-to-quantify risks is just fine, experts say. “There are obstacles to ERM programs, and the first one is when its all about the numbers,” said Susan Meltzer, vice president of enterprise risk management at Aviva Canada Inc. in Toronto. Another obstacle is taking a “box-ticking” approach of focusing simply on meeting compliance and audit requirements, she said. “ERM is a continually evolving process and gradual implementation is, I think, key to our success. You cant change culture overnight,” said Morgan Keane, manager of enterprise risk management at the Port Authority of New York and New Jersey. Read more...ow.ly/rfPRa
Posted on: Thu, 28 Nov 2013 02:33:16 +0000
Trending Topics
Recently Viewed Topics
© 2015