An interview last week about enterprise risk management with expert Pat Finegan, a principal with Towers Perrin and senior consultant in its ERM practice sparked my imagination.
In discussing ERMs history, strengths and weaknesses, it was his comment about evaluating emergingrisk that got my attention. He explained that when companies audit themselves every yearpart of normal corporate governancethey tend to checklist, looking for specific things. His opinion was that the top-down audit should be less restricted and delve into emerging risks and the companys preparedness to address them.
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