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D. “ERM is the identification and assessment of
collective risks that affect value and the formulation and implementation of a
company-wide strategy to maximize that value”. E. “ERM is the effort to find an integrated optimal way of
managing risk by balancing financing techniques with organizational practices
and processes”. F. “ERM is a body of knowledge – concepts, methods
and techniques – that enables a firm to understand, measure and manage its
overall risk so as to maximize the firms VALUE to shareholders”. G. “ERM is the process of creating the desired levels of
risk on all aspects of an organization at the desired times so the organization
can achieve its goals”. H. “ERM is a rigorous approach to assessing and addressing
the risks from all sources that threaten the achievement of an organizations
strategic objectives. . . Identifies
those risks that represent corresponding opportunities to exploit for
competitive advantages”. Respectfully shared, F.
Darrell Lindsey Self
Insured Manager |
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