Rising Tide of Interest in ERM

A recent article in Business Finance Magazine highlights the rising tide of interest in Enterprise Risk Management. More companies are realizing that risk takes many forms and the agility to address risk events effectively is a key source of competitive advantage.  

Given the focus on risk at many firms, it's not surprising that the concept of "enterprise risk management" is capturing greater interest. In the past, most financial executives could zero-in on their companies' exposure to financial risks and not be as concerned with operational risk, says Carol A. Fox, chair of the ERM Development Committee at the Risk and Insurance Management Society (RIMS). Now, they have to be aware of potential surprises on the operational side, as well. "Risk management can't be siloed and be effective," she says.

Visit www.WheelhouseAdvisors.com to learn more about how we can help your company implement and streamline an Enterprise Risk Management program.