Experts Agree - ERM Should Be A Primary Focus

A recent article in Fortune magazine highlighted the views of two prominent management consultants on what boards should be doing in this time of crisis.  One of the consultants, Thomas J. Neff of Spencer Stuart, had this to say about Enterprise Risk Management.

The other subject that boards need to focus more on is enterprise risk management. It's not just risk in the sense that banks need to focus on it, but what are the risks in our business model, what are the global risks that could affect our business? It's a holistic approach to the subject, and stress testing what we're doing.

Stress testing and scenario analysis results should be discussed at the board level to ensure a company is adequately prepared for the most strategic risks.  Visit www.WheelhouseAdvisors.com to learn more.