Enterprise Risk Management (ERM) techniques help to ensure that risks are understood and managed in line with an organisation’s risk appetite and tolerance.
ERM can help businesses incorporate awareness into their culture, treating risk as an integral issue to be managed and monitored. Done correctly, this can help protect against crises, financial or other losses and reputational damage, ultimately delivering increased value through better decision making and the realisation of competitive advantage.
You are invited to take part in benchmarking your organisations risk maturity, as we continuously explore what features are common in today’s most successful ERM programmes.
Using our proprietary risk maturity model we have developed a ‘live’ tool that allows you to compare your organisations risk maturity against nearly 150 other organisations.
The model considers three core aspects: TECHNICAL FRAMEWORK, CULTURE AND CAPABILITY and the ability to demonstrate the application of risk management through a USE TEST.
This can be used by any organisation to obtain an immediate assessment and understanding of risk maturity relative to sector peers.
Company Secretary, Millennium & Copthorne Hotels plc