Best practices for boards and ERM

Enterprise risk management comes off like a buzzword of interest only to the IT guys. But the truth is that more corporate boards are playing a rising role in ERM and its various implementations. There has been huge demand for guidance and best practices advice, to which The Conference Board has responded. It has started a case-study based Research Working Group on ERM and has released a report. It looked at five companies: Bristol-Myers Squibb Company, Capital One Financial Corporation, International Paper, MetLife, Inc., and Moody's Investors Service. Its recommendation might seem prosaic: "Appreciate the importance of ERM." But others are subtly wise: "Choose compensation policies and performance metrics to promote and track the pursuit of a risk-adjusted corporate strategy." This is far-reaching stuff indeed.

For more:
- here's a release