Original Source: AICPA / ERM Initiative in the Poole College of Management at North Carolina State University
“One of the big challenges in an organization’s enterprise risk management (ERM) process is determining how to effectively and concisely communicate risk information identified by the ERM process to the organization’s board of directors. Given the complexity of the global business world today, distilling risk information down to that which is most pertinent for disclosure to the organization’s board of directors can be difficult. ERM leaders have to walk a fine line that avoids overwhelming the board with too much granular detail about risks without summarizing risks at such a high level that no one is able to really understand the underlying risk concern…”
Contributors: Open SourceCategories: SIG U Resource, Whitepaper
SRC Type: Risk Management, Sourcing Management, Third Party Management