Black Swans, Reputational Damage, and Strategic Risks: The 360-Degree ERM Solution

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Creating a proactive ERM framework to mitigate Reputational Damage and manage Strategic Risks

Threats emanating from within and outside of the enterprise are caused by a number of factors, such as corporate scandals, mergers & acquisitions, changing regulations, or entering a new market. In recent years, many organizations across the globe have also become vulnerable to a series of “Black Swan” events, which have increased their financial risk, caused reputational damage and posed significant strategic risks. Recent and unexpected calamities causing immense consequences or losses have once again highlighted the need for proper planning, contingencies, and resources to cover such damages, and to restore assets.

Implementing a proactive Enterprise Risk Management (ERM) program can help organizations define their existing risk appetite practices,understand market conditions and competition, identify new and emerging uncertainties and risks, and minimize overall risk exposure to extreme “black swan” events. To establish a flexible ERM framework that aligns with the strategic objectives of the firm, senior management must help bring together the organization’s ERM objectives and strategies, align them to the existing business requirements and ensure they are managed in an integrated way across the enterprise. A pervasive ERM framework can help mitigate risks, increase operating margins, enhance regulatory compliance, improve cash flow resources, and ultimately provide a 360-degree enterprise-wide perspective that supports risk-based decision-making.

Join Jim Fitzmaurice, Executive Advisor, CEB Audit Leadership Council and CEB Risk Management Leadership Council, and Brenda Boultwood, Senior Vice President of Industry Solutions at MetricStream, as they discuss the role of the ERM framework and how it can support organizations in performing risk-appetite assessments. During this webinar, key topics will be addressed, including:

  • Understanding and responding to business risks
  • Key role of a Risk Management Framework for a 360-degree view of risks
  • Role of technology for automating the risk management process in a cost-effective manner

Attend this Webinar

This webinar is scheduled to take place on August 26, 2014, at 11 am Eastern Time. To register for this webinar and to learn more about the webinar and the speakers, please click here.

About MetricStream

MetricStream is a market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions. MetricStream solutions are used by leading global corporations in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to manage their risk management programs, quality management processes, regulatory and industry-mandated compliance and other corporate governance initiatives. MetricStream’s customers include Procter & Gamble, UBS, Societe Generale, Pfizer, Philips, Cummins, Kellogg’s, Mondelez International, SanDisk, NetApp, and United Technologies Corporation (UTC). MetricStream also owns and operates www.ComplianceOnline.com portal - the largest GRC advisory network and one of the largest GRC communities. MetricStream is headquartered in Palo Alto, California, USA with European offices in London, Paris, Basel, Milan, and Valencia (www.metricstream.com).

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