Enterprise risk management : evolving trends and challenges

Subramaniam, Nava and Shazad, Hassan 2009, Enterprise risk management : evolving trends and challenges, Deakin business review, vol. 2, no. 2, pp. 20-30.

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Title Enterprise risk management : evolving trends and challenges
Author(s) Subramaniam, Nava
Shazad, Hassan
Journal name Deakin business review
Volume number 2
Issue number 2
Start page 20
End page 30
Publisher Deakin University
Place of publication Burwood, Vic.
Publication date 2009-12
ISSN 1835-0615
Summary Enterprise risk manangement (ERM) emphasises a broader, holistic and philosophical approach to risk management (RM) through linking an organisation's goals and strategies with its RM processes. The evolution of ERM is increasingly fuelled by both global and local developments. New stringent requlatory requirements have been enacted as part of the global reform initatives on corporate governance and RM. This article presents evidence on the extent of ERM implementation, both globally and in Australia, by providing the results of three survey-based research projects. The implementation of ERM is not without problems, and the majority of firms are still transiting into this system of RM. It is concluded that it remains imperative that the alignment of RM to organisational outcomes be undertaken in a holistic manner.
Language eng
Field of Research 150199 Accounting, Auditing and Accountability not elsewhere classified
Socio Economic Objective 910499 Management and Productivity not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2009, Deakin University
Persistent URL http://hdl.handle.net/10536/DRO/DU:30025476

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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