Enterprise Risk Management- Is It A Framework For Success?

In recent years, there have been a number of high-profile business failures where shareholders and other stakeholders have lost considerable amounts of money. These events have led to an increasing focus on risk management and corporate governance structures. With this shift in focus, there is a greater need for common framework providing principles, approaches to risk management, and direction to companies wishing Ito improve their risk management. The ERM Framework provides these.