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Enterprise risk management has become an imperative for senior management in all industries as a result of several factors, including the risk of terrorism and other catastrophic events. Other factors like new regulations–such as Sarbanes-Oxley in the United States–require managers to demonstrate the ability to control and monitor a broad array of risks.

Senior managers at market-leading organizations view ERM as a way to profit from risk and opportunity and add value to an organization–a more proactive approach that is taking ERM beyond the defensive objectives of the recent past.

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