Fraser, J.; Quail, R.; Simkins, B. What’s Wrong with Enterprise Risk Management?. Preprints2023, 2023111180. https://doi.org/10.20944/preprints202311.1180.v1
APA Style
Fraser, J., Quail, R., & Simkins, B. (2023). What’s Wrong with Enterprise Risk Management?. Preprints. https://doi.org/10.20944/preprints202311.1180.v1
Chicago/Turabian Style
Fraser, J., Rob Quail and Betty Simkins. 2023 "What’s Wrong with Enterprise Risk Management?" Preprints. https://doi.org/10.20944/preprints202311.1180.v1
Abstract
Enterprise risk management (ERM) was introduced in the 1990s and has become an expectation by boards of directors and regulators as a sign of good management and good corporate governance. However, many organizations struggle to implement ERM, and still seek practical ad-vice on ERM implementation. This article explains many of the reasons why organizations are unsuccessful in their efforts at implementation and provides practical solutions by an experienced risk manager and consultant, an ex-Chief Risk Officer, and an academic, all who has writ-ten extensively in the subject. This article should be of interest to practitioners involved in implementing ERM, to consultants in ERM, and to academics teaching courses on ERM, risk management, and related topics. This article also provides a base against which further future re-search can be done as ERM best practices continue to evolve.
Business, Economics and Management, Business and Management
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
