Strengthening Enterprise Risk Management for Strategic Advantage

This document is a helpful resource for articulating the strategic value of effective ERM. The publication further develops the responsibilities of board of directors presented in the first thought paper on ERM. This paper highlights key elements of ERM for board and senior executive consideration as they re-examine their existing approaches to risk oversight. The paper also provides a list of four specific areas where senior management can work with its board to enhance the board’s risk oversight capabilities