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Transitioning To Enterprise Risk Management: new RIMS report

Building an enterprise risk management capability and culture can directly correlate to stronger financial results and even greater potential for organizational success – according to RIMS new executive report titled, ‘Transitioning to Enterprise Risk Management.’

The report, authored by members of RIMS ERM Committee, explores common characteristics of risk management programs and provides practitioners with five fundamental steps to help them successfully transition to a broader enterprise risk management approach. The report also includes a ‘Virtual Roundtable’ that showcases implementation strategies employed by leading risk professionals from Dow Corning, General Motors, Juniper Networks, Safeway and Sysco Corporation.

“A robust enterprise-wide risk management framework provides a practical and sustained basis for improved profitability, greater operational efficiency, increased shareholder value and reduced financial volatility,” said Carol Fox, RIMS director of Strategic and Enterprise Risk practice. “Increasingly, research data supports ERM’s business value and competitive advantage in an ever more uncertain environment. As a result, risk professionals have an excellent opportunity to play a key role in their organization’s ERM transition. This RIMS report provides a game plan for practitioners to take that initial step, offering real world examples of how leading global corporations have successfully made the leap to ERM.”

The report is complimentary for RIMS members and $29 for non-members. It is available in RIMS Risk Knowledge library at www.RIMS.org/RiskKnowledge

•Date: 30th April 2014 • World •Type: Article • Topic: Enterprise risk management

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