How your board can ensure enterprise risk management connects with strategy

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Spotlight on enterprise risk management (ERM)

Directors can influence a company’s enterprise risk management program—a system of identifying and managing risk as well as benefiting from risk opportunities. If ERM exists in the company, you need to know how risk management is structured and how risk information flows. If an ERM program does not exist, investigate why it’s not in place and learn how it could benefit the company.

Good risk management doesn’t happen overnight. Management teams often struggle to get it right. Boards can play a key role encouraging executives to shore up risk management practices in their companies. But first you need to know what signs to look for that indicate ERM may be falling short.

Challenges for directors:

  • How can directors know if ERM is adding value?
  • How can the board ensure that executives take their responsibility for risk seriously?
  • How can the board better understand what risks may emerge in the future?
  • How can the board get the reporting it really needs on risk?

Contact us

Paula Loop

Governance Insights Center Leader, PwC US

Sharad Jain

Partner, Governance Insights Center, PwC US

Deidre Schiela

Partner, Governance Insights Center, PwC US

Paul DeNicola

Principal, Governance Insights Center, PwC US

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