Value-Driven ERM: What Boards and Senior Executives Want Most From Their Enterprise Risk Programs
Many companies have adopted some kind of Enterprise Risk Management process, replete with risk identification, risk assessment, risk cataloging, risk mapping, and risk management reports. But now, forward-looking corporate boards and top executives are asking a different question: How can Enterprise Risk Management create and protect enterprise value?
Our speakers discuss how Value-Driven ERM – an approach taught at Stanford University and practiced by many leading companies – offers superior risk management by incorporating the key attributes of effective, enterprise-wide risk management:
- Comprehensive: All risks are taken into consideration—not just the low-probability, high-consequence risks emphasized by traditional ERM.
- Consistent Evaluation: All risks are evaluated on a consistent basis so you know what the key risks are, both by business unit and across the entire enterprise.
- Consistent Risk Appetite: A consistent risk appetite is applied to all decisions, in a way that maximizes risk-adjusted shareholder value.
- Value Driven: The ERM program is focused on the creation and protection of value.
Doing well on these four attributes sets apart industry-leading ERM and confers enduring competitive advantage.
This webinar, hosted by the Stanford Center for Professional Development and featuring leading ERM practitioners with decades of experience, will change your thinking about what ERM can do and how to get there.
