Enterprise Risk Management
/ˌɛntərˈpraɪz rɪsk ˈmænɪdʒmənt/
Definitions
- (n.) A systematic and continuous process used by organizations to identify, assess, mitigate, and monitor risks affecting their enterprise objectives and operations.
The board implemented enterprise risk management to better anticipate and handle potential threats to the company.
Forms
- enterprise risk management
Related terms
See also
Commentary
Often integrated into corporate governance frameworks, enterprise risk management emphasizes holistic risk oversight rather than isolated risk handling.
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