Risk oversight: Understanding & embracing enterprise risk management (ERM)
Managing risk is a core board responsibility. As risks have grown in both type and complexity over the years, a formal process is important to effectively manage this critical board duty. Boards know this process as Enterprise Risk Management (ERM) - a framework that continues to evolve with the risk landscape. How can boards, audit and risk committees keep pace?
In this episode, Catherine Hall, Director with PwC's Governance Insights Center, frames the ERM landscape and offers guidance for boards navigating this ever-evolving space:
- Are boards approaching ERM differently now than they were a few years ago? What exactly has changed?
- What are some questions directors can ask management to understand how robust the company's ERM program is?