People and ERM: Enabling Individuals to Understand their Role in Managing Risk

 

Kenneth Murphy
Risk Analyst Enterprise Wide Risk Management
FirstEnergy Corporation

People play an extremely integral role in ensuring effective ERM. People make the decisions and manage the processes that determine the amount of risk an organization assumes. Because many are not trained to identify risk in their enterprise, motivating employees to support ERM is a universal challenge among organizations of all industries. By getting individual employees to understand how risk is related to their jobs and how their efforts ensure organizational stability, the adversity of ensuring cooperation and buy-in for ERM can be alleviated. In this session, you will learn how to establish buy-in and support for ERM among individual employees.

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