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- Title
Creating Value with RISK Appetite & RISK Tolerance Statements.
- Authors
FOX, CAROL
- Abstract
The article looks at enterprise risk management (ERM), as of 2012. The author notes that businesses face risks associated with many different functions, including finance, corporate governance, operations, regulatory compliance, and reputation, and defines ERM as a coherent approach to maintaining a company's optimum overall risk profile. She outlines statements of risk appetite and risk tolerance as conceptual tools in ERM. She also distinguishes between real and perceived risk, and discusses how risk assessment tools from the financial sector are coming into use by risk professionals in nonfinancial businesses.
- Subjects
STRATEGIC planning in business risk management; FINANCIAL risk; CORPORATE governance; LEGAL compliance; OPERATIONAL risk; CORPORATE image; RISK assessment -- Mathematical models; RISK exposure
- Publication
Financial Executive, 2012, Vol 28, Issue 9, p93
- ISSN
0895-4186
- Publication type
Article