Embedding risk management in business operations a key enabler of sustainable growth
summary
Claims that Enterprise Risk Management shifts from insurance and loss prevention to a growth enabler, moving from formal frameworks in the 2000s to resilience by 2020 and next‑generation ERM in 2024. Recommends a center of excellence plus embedded business partners model that shares ownership (first‑line + second‑line), backed by data, analytics and tooling for digitally enabled decision making. Governance needs strong audit/risk committees, clear RACI, continuous cross‑functional forums; the model is presented as working in practice.
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chapters (6)
- 0:00Introduction and analogy
- 2:36Evolution of risk management
- 7:11Challenges in embedding risk
- 12:09Building effective risk management
- 16:23Key learnings and best practices
- 21:45Risk management as growth enabler
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