Since the fall of the financial markets sector last year, enterprise risk management has been under the microscope. Right or wrong, its been criticized. Some have even blamed its failure for the disaster.
Ive asked a few experts what they think it will take to get ERM back on tracknot that there werent issues before all this started.
Howard Stecker, senior vice president with Smart Business Advisory and Consulting, recently suggested that one way to give ERM a fresh start might be with a name change. And with so much baggage associated with the ERM name, maybe a new label is something to think about. As well as a fresh start, a new name might better reflect any changes or new directions in the discipline.
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