It's no secret that many publicly listed, closely-held, and even not-for-profit organizations have begun to embrace enterprise risk management (ERM) as a corporate imperative. Corporate boards have reassessed their role in today's legal and economic environment and are beginning to exert pressure on the C-suite (the CFO in particular) to understand and analyze enterprise risk as a necessity to help achieve corporate objectives. Further, analysts are beginning to question CFOs and CEOs during earnings calls about how the company is addressing risk from an enterprise basis. And, with Standard & Poor's and Moody's coming under fire for less-than-rigorous evaluations of risk to corporate ratings, ERM will likely stay at the forefront of leadership attention.
What is your company doing to address risks in a more proactive manner?
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