Risk Intelligence: From Theory To Practice
Source: Deloitte & Touche LLP
In a business environment attuned to a greater awareness of risk, many large organizations have responded with the development of an integrated approach to risk management frequently labeled Enterprise Risk Management (ERM). Indeed risk management theory and practice have been the topic of intense scrutiny as boards of directors and management seek to understand the risks inherent in their business objectives. These organizations are motivated to ensure the risks they assume in pursuit of organizational objectives and strategies are 'Rewarded' and that at any given time they can attest to their 'In control' status.