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What is ERM?
Enterprise Risk Management (ERM) is a systematic embedment process to
improve risk-adjusted decision-making through the organization. The ERM process enables a broad array of material risk (and
opportunity) to be assessed at the senior management, business, and
functional unit level. Risk countermeasures (mitigation) are
identified, owned by unit leaders to manage, and are visible holistically
at the enterprise level. Well executed ERM, besides limiting the
downside of risk, allows systematic consideration of the future and helps
identify opportunities for growth.
How can ABD enable effective implementation in your firm?
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