Enterprise Risk Management Framework: A Practical View

by Ken Doughty

Enterprise risk management (ERM) facilitates management's desire to effectively manage the organization's risk and to create sustainable value to its stakeholders through capital growth and increased dividend stream. No organization operates in a risk-free environment, and ERM does not create such an environment. The goal of this Executive Report by Ken Doughty is to provide a practical view of ERM and its components in order to gain an understanding of what is required to assist organizations in managing and surviving their risks.