While more corporate boards are driving enterprise risk management, ERM has yet to become embedded in most companies' day-to-day activities, according to a report released today by a nonprofit business research group.
The New York-based Conference Board study, sponsored by Oliver Wyman, a global management consultancy, found that 55 percent of the participants indicated their corporate boards are a top driver of their enterprise risk management program, up from 49 percent just two years ago.
Conference Board's study states it is based on a survey of risk, audit and finance executives of 200 companies from a range of sectors including manufacturing, financial services, health care, energy and utilities, wholesale and retail, communications, transportation, warehousing, and business and professional services.
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