Is strategic risk management (SRM) just a new semanticspin in the profession's ongoing evolution, or does SRM represent agenuine leap beyond standard enterprise risk management (ERM)?

At first blush I was skeptical, wondering whether risk managerswere merely seeking a more highfalutin title to raise their statureand demand more compensation.

But after further consideration,I see the potential for legitimate professional growth if SRM putsrisk managers in the room with senior management and the board ofdirectors when a company's course is determined, rather than beingrelegated to a supporting role and having to account for exposuresafter strategic decisions have already been made.

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