Business, Legal & Accounting Glossary
Enterprise Risk Management or ERM is a discipline where a firm assesses, controls, finances, and monitors risks from all sources to increase the firm’s short and long term value to its stakeholders. ERM provides of framework for risk management which identifies specific events or circumstances relevant to the firm’s risks and opportunities and assess them in terms of likelihood and magnitude of impact.
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This glossary post was last updated: 26th April, 2020 | 0 Views.