Record Detail Back
Creating Value through Enterprise risk Management
- Share to:
For many executives, enterprise risk management (ERM) conjures up images of security breaches, corporate espionage, acts of terrorism, black swans—negative and even catastrophic events that can severely weaken or even destroy a company.
But risk is not all doom and gloom. For a growing number of forward-thinking companies, ERM is not only about protecting the firm from harm, but creating measureable value that can strengthen their position
in the market. Recent studies have found that companies implementing robust ERM programs enjoy advantages in firm value, share price, and stock price volatility (see section III, “Becoming a Trendsetter” on page 11). At Pacific Life Insurance Company, “defining our risk appetite more clearly has really helped us develop our business strategy,” says Joe Celentano, the company’s senior vice president and chief risk officer. “That’s some of the value we see in ERM.”
Milliman Risk Institute Survey - Organizational Body
NONE
Management
English
2011
1-20
LOADING LIST...
LOADING LIST...