The ability to detect and recognize sources and impacts of risk and disruption, whether due to technological innovation, shifts in societal values, or unintended consequences of pandemic disease control, may determine the commercial survival of an organization, according to the newly published RIMS Executive Report “Rethinking the Impact of Disruption on Enterprise Risk Management Tools and Processes.”
The report covers the basics of emerging risks and business disruption, the drivers of disruption, and what role the Strategic and Enterprise Risk Management practitioner can have in better preparing and managing corporate disruption.
“Given the tremendous amount of disruption, change, and ever-increasing new risks, it only makes sense for ERM leaders to rethink their role and skill set,” the report states. “Once the company is responding and creating their own future and wave of disruption, the risk leader can be a valuable partner in helping them identify and manage the risks associated with the plans, goals and initiatives, thereby improving resource allocation and increasing the chances of success.”
The report is authored by:
Dr. Paul Walker, James J. Schiro/Zurich Chair in Enterprise Risk Management, St. John’s University Peter J. Tobin College of Business; and
Ward Ching, Adjunct Professor of Risk Management, University of Southern California Marshall Business School/Leventhal School of Accounting, and Managing Director at Aon.
The “Rethinking the Impact of disruption on Enterprise Risk Management Tools and Processes” report is available in RIMS Risk Knowledge library. To access RIMS thought-leading ERM and SRM content, resources and tools, visit RIMS Strategic and Enterprise Risk Center.
On November 11 and 12 in New York, the Society with host RIMS ERM Conference: ERM in an ESG World. The hybrid conference will bring together ERM leaders from around the world to share their experiences implementing and elevating their programs. In addition to ERM’s impact on ESG management, the sessions will cover a range of ERM topics, best practices, opportunities and explore Board expectations. To register or view the full agenda for the RIMS ERM Conference, visit www.RIMS.org/ERM2021. For information about sponsorships, contact RIMS Exhibitions and Sponsorship Sales Manager Matt Whyte at mwhyte@RIMS.org.