Aftershock: Adjusting to the new world of risk management

A survey of 192 U.S executives conducted in the spring of 2012 revealed a significant finding that 91% of respondents “plan to reorganize and reprioritize their approaches to risk management in some form in the coming three years” Respondents made several recommendations to improve the efficiency of their ERM processes and to make it more of a valued strategic tool. This Deloitte thought paper outlines several key implications to strengthen enterprise-wide risk oversight. Because preconceived notions and lack of awareness of ERM knowledge can stagger the benefits that are to be reaped, this thought paper is designed to spur thinking and dialogue to help executives to be better equipped to understand and implement effective ERM strategies.