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Volume 29, Issue 4

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Friday, 13 September 2013 16:49

Risk Managers Gain Foothold as ERM Program Drivers

Fewer boards of directors are seen as their company’s top ERM program drivers, dropping to 26% in 2013 from 34% in 2011, according to the 2013 RIMS Enterprise Risk Management Survey, released today. This year risk managers came in as the second driver at 17%. By comparison, the second highest category in the 2011 report, which did not include risk management as an option, was “other” at 19%. Commenting on the 2011 report, Carol Fox, RIMS director of strategic & enterprise risk practice confirmed that many respondents wrote in their comments, that “other” was a risk management department initiative. “While I can’t do a direct comparison to this year’s 17%, I’d say it may be a shift as risk professionals take more of a leadership role in instituting ERM programs,” she said.