Enterprise Risk Management (ERM): The Three Stages of Maturity

An Enterprise Risk Management (ERM) process identifies, measures, tracks, mitigates and communicates an entity’s major business risks to stakeholders. A business risk that makes it onto the list of enterprise risks is typically a threat capable of disrupting the organization’s current growth strategy.

This course will explain in detail the components of a comprehensive ERM process—with implications for staffing, training, internal reporting, board oversight, and information management. We will take a close look at the current regulatory and compliance environment, and, drawing on case study research, examine the three stages of ERM maturity. We will also review:

• What Enterprise Risk Management is
• Why it is a crucial issue facing key stakeholders—especially now
• New regulations and enforcement putting boards on notice
• Imperatives to improve, calls for stronger ERM capabilities and the rising demand for disclosures
• Excellence in ERM—what it means, and how to achieve it
• Research findings and best practices