Enterprise Risk Management

Is it getting riskier to do business? According to a 2018 survey from North Carolina State and the AICPA, 92% of respondents said the volume and complexity of risks have increased over the past 5 years. In response, many companies have bolstered their Enterprise Risk Management programs and, as of 2017, 67% of large organizations employed a chief risk officer, up from 49% in 2014. But are companies focused on the right thing? Many are looking at analysis and documentation, versus action and remediation. And what role does risk management play in strategic planning? Not much according to the survey, which states that only 29% of board members said they substantively discuss top risk exposures in a formal manner when engaged in strategic planning exercises. At most organizations, again according to the survey, chief risk officers and other senior risk professionals are relegated to analyst roles, where few of them have a direct role in decision making. There are numerous other issues related to Enterprise Risk Management that organizations of all sizes and types should consider. To shed light on these issues and enhance your understanding of Enterprise Risk Management and its role in strategy execution, William Ulrich will be interviewing Sim Segal and Jim Gilligan, leading experts in the field. With decades of experience across multiple industries, as well as leadership in prominent academic circles, these experts will share what organizations are doing well in Enterprise Risk Management, where they can improve, and why the discipline should be integrated into formal strategy execution. Join William and his guests for what is sure to be an insightful and eye-opening discussion.