In the age of pandemics, cyber crime, and other black elephant type risks, getting senior leadership to increase their involvement and commitment to ensure that ERM becomes integrated into all organizational activities is more important than ever. We start this article series by looking at the difference that good leadership makes in determining whether their organizations build the necessary infrastructure to pursue opportunities and absorb the shocks of doing business in an increasingly intertwined and interdependent world.
Part I of this article provided an overview of the results of the 2019 risk management survey conducted by The Risk Institute at The Ohio State University’s Fisher College of Business. Part II of this article focuses on the role of leadership and the integration of risk management throughout the enterprise, including day-to-day decision-making.
The State of Enterprise Risk Management in the USA (Part I): Building Internal Risk Management Capacity Through Outsourcing
Part I of this article by Phil Renaud shares leading research from more than 500 risk management practitioners across a broad cross-section of industries.
Lori Siwik and Mark Siwik are the founders of SandRun Risk. They apply the principles of vertical leadership and lean six sigma to the discipline of risk management. From time to time they share their blog with guest authors who write about important risk management principles.