Strengthening an organization’s enterprise risk management (ERM) system has become increasingly important as management strives to coordinate risks and meet objectives. With new and evolving regulatory requirements, it can be difficult for boards, executive management and internal auditors to meet the expectations of respective stakeholders. In this complimentary webinar, BKD will define ERM, explore a case study of a not-for-profit that benefited from strengthening its ERM system and offer best practice recommendations for governmental, higher education and not-for-profit organizations.
Upon completion of this program, participants will be able to:
- Define ERM
- Identify important components of an organization’s ERM framework
- Distinguish the role of the board, executives, risk management and other functions in ERM
- Recognize the value proposition of implementing an effective ERM program