A decision by Standard and Poor's ratings, to add enterprise risk management to its criteria for positive ratings of non-financial companies, is a "coming of age" for ERM, a consulting firm said.

Towers Perrin said it expects a broad range of companies will now make ERM a standard part of business or risk rating downgrade.

The consultants said the S&P move indicates ERM has arrived as a factor in the business world, which according to several surveys has been slow to adopt the system.

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