Explain key drivers of value- driven enterprise risk management

Health

1 answer:

svetoff [14.1K]3 years ago

4 0

Enterprise Risk Management (ERM) incorporates four key attributes:

1. Comprehensive Assessment

This key driver emphasizes that all risks should be equally taken into consideration.

2. Consistent Evaluation

All risks must be criticized on a consistent basis to efficiently identify the risks across the entire enterprise.

3. Consistent Risk Appetite

It maximizes risk-adjusted shareholder value that is applied to all decisions. It highlights the capability of the whole organization(versus individual component) to deal with the risks.

4. Value-Driven

The organization must be united with the same objective of risk management--shifting the risk-return profile of the business toward greater upside.

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