Has the Time Come for a Corporate Overhall of ERM?

Corporate approaches to risk management are not keeping pace with the velocity and complexity of risk in today’s business environment, suggesting it’s time for a refresh to traditional methods.

Nearly three-fourths of leaders at public companies, large organizations, and financial institutions say they’ve seen a marked increase in the volume and complexity of risk in the past five years, according to a new study out of North Carolina State University and the American Institute of Certified Public Accountants. Yet, only one-fourth believe their risk management processes are mature or robust enough to keep pace. The majority said they do not believe their handling of risk could be described as complete or formal approaches to enterprise risk management.

Read the full story based on the 2017 study released by the Enterprise Risk Management Initiative at Poole College and Protiviti in this edition of Compliance Week.