Enterprise Risk Management A successful ERM journey needs a trusted guide Several factors contribute to the demand for ERM, such as increased speed of change, growing market volatility and complexity, higher expectations from investors, greater pressure from regulators, etc. In this context, the need to navigate uncertainties, the increased scrutiny from the board, and are causing organizations to question whether they have the right focus on ERM. Are they looking to comply and conform, or are they looking to become a more risk-informed organization?Many organizations are demanding value beyond “enterprise risk listing” activities and the inertia that can impact an ERM program that loses momentum. They want and need ERM programs that help them anticipate, adapt, and respond to changes, focusing efforts and resources on risks and opportunities that can impact their strategy and performance. Forward-thinking organizations are using ERM to integrate strategy, business planning, and key decision-making processes to drive better business performance. Getting More Value from Enterprise Risk Management (ERM) Our Risk-Informed Approach Changes the ERM ConversationOur proprietary risk-informed methodology aims to provide management and the board with relevant risk and opportunity information to support decision-making during strategy setting and performance management. This allows companies to accelerate the alignment process with the new COSO ERM principles and related best practices. To this end, our risk informed approach supports the development and evolution of an ERM program that is:STRATEGIC: Considers the impact of risk on strategy and performanceBALANCED: Measures both risks and opportunitiesINTEGRATED: Is integrated with strategy setting, planning, and business executionCUSTOMIZED: Reflects organizational business needs, expectations, and cultural attributesFrom our experience, we recognize that each ERM program and its goals are unique and influenced by organizational culture, strategy, and business goals. Therefore, we describe ERM as a journey because it is evolving and not a straight road to success.Given that there is no “one-size-fits-all solution,” one of the key benefits of our risk-informed approach to ERM is that organizations can tailor it to fit their maturity, risk culture, and risk management needs and expectations.It is important to understand the current state of the ERM journey and desired goals in order to envision the next steps. Relevancy in Today’s Digital World NEWSLETTER Sharpening the Board’s Focus on M&A Due Diligence Whether an acquisition is a stand-alone, complementary entity or an integration, the due diligence process is undergoing a paradigm shift due to the higher cost of funding and the impact of failed transactions. Boards should expect a more aggressive... NEWSLETTER A Call to Action for Boards The inaugural Global Board Governance Survey conducted by Protiviti, BoardProspects and Broadridge — a study believed to be the first of its kind — summarizes the views of more than 1,000 directors and C-suite executives worldwide on the role and... NEWSLETTER Why Boards Should Care More About Geopolitics Than Ever Before Geopolitical risk seems higher than at any point in recent memory. Managing this risk effectively should be a core competency for all businesses — and the board should lead the way.After decades of globalization shaping the world order, businesses... PODCAST Risky Women Podcast | Top Compliance Priorities 2024 In this episode of Risky Women Radio, host Kimberley Cole, CEO of the Risky Women organization kicks off Series 7 by discussing the predictions for 2024 in the field of risk regulation and compliance. She is joined by Carol Beaumier and Bernadine... NEWSLETTER The Top Risks 10 Years Out: Global Risks Are Persistent Capturing insights from over 1,100 C-level executives and directors across multiple industries with broad geographic representation, our global survey of C-level executives and directors survey offers insights for the top risks over the next 10 years... NEWSLETTER The Top Risks for 2024: Risk Priorities Are Shifting Conducted in partnership with the NC State ERM Initiative, our global survey of C-level executives and directors highlights the influence of economic headwinds, talent issues, emerging technologies, cyber threats and geopolitical events on the 2024... Button Button Board Perspectives Board Perspectives, from global consulting firm Protiviti, explores numerous challenges and areas of interest for boards of directors around the world. From environmental, social and governance (ESG) matters to fulfilling the board’s vital risk oversight mandate, Board Perspectives provides practical insights and guidance for new and experienced board members alike. Episodes feature informative... Listen Leadership Matthew Moore Matt is a managing director and global leader of Protiviti’s Risk & Compliance practice. He has extensive experience advising clients in matters related to risk management, regulatory compliance, corporate governance and internal controls. Matt helps his ... Learn More Emma Marcandalli Emma Marcandalli is Managing Director in our Milan office. Emma has 20+ years of experience in providing governance, risk, compliance and internal control consulting services to clients in different industries, where she developed a strong expertize in process analysis, ... Learn More