Enterprise Risk Management Culture - The Testament of Effective Corporate Governance

Abstract

Enterprise Risk Management or ERM, its acronym as commonly referred to, is a mechanism put in place by an organization to have all the core perceived risks, impacting the sustainability and the achievement of the objectives of an organization, looked at holistically and not in silos. The underlying philosophy is to have a framework that aims at or focuses upon assessing, evaluating and managing entity level risks in an effective manner.