A Comprehensive Approach To Enterprise Risk Information Management
In the wake of mismanagement that brought down some of the largest corporations, Enterprise Risk Management (ERM) has emerged as an essential discipline for any corporation. Yet successful ERM can be deceptively elusive without access to timely, accurate, and comprehensive risk information from throughout the enterprise. Creating and sustaining such an information rich risk environment requires a discipline known as Enterprise Risk Information Management (ERIM). ERM has gained considerable currency among the large global corporations because of the increased interdependence within businesses, regulatory demands, and a growing awareness of its importance in preventing systemic failure.