Enterprise risk management: The time to act is now
Abstract: Corporate shareholders, government regulators, stock exchanges and credit rating agencies are scrutinizing the way public companies manage risk. Implementing an enterprise risk management (ERM) program is one of the best ways for companies to address such concerns. But companies have been slow to implement ERM or have done so ineffectively. This article looks at guidelines developed by the Committee of Sponsoring Organizations of the Treadway Commission to help companies develop a customized approach to ERM. A sidebar lists some specific action steps.