Before I begin to opine on this topic, I'd like to say that I am not at all opposed to the concept of enterprise risk management. In fact, I have served on ERM committees and taken the classes in my master's program in risk management at Florida State. So I get it.

I understand the need, I understand why this evolution is occurring, and I think risk managers have a large role to play--particularly on ERM committees.

As the practitioner of a profession that is sometimes underappreciated by senior management, I also understand the risk manager's desire to take their game to the next level. All that being said, I have to ask whether we risk managers are missing a step here, as well as an opportunity to have a bigger impact on our organizations.

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