The presentation was made at RIMS’ ERM Conference in Chicago, and celebrates Intuit’s achievements in developing and implementing a sustainable enterprise risk management (ERM) program.
The organization’s ERM program supported Intuit through a period of significant shifts; from desktop to Internet and mobile devices, to platforms with application programming interfaces enabling end-user and third-party-developer contributions, and embracing potential opportunities for new markets worldwide.
“ERM transformed Intuit’s risk management capability requiring our leaders to think cross-organizationally and cross-functionally to understand the most significant risks and drive strategies to address them,” said Janet Nasburg, Intuit’s chief risk officer. “ERM was instrumental in not only providing insights about the company but has also driven changes in the way we align our focus. It is a tremendous honor to be recognized by RIMS for our hard work and to share our ERM experiences with the risk management community.”
VIA Rail Canada Inc. received honorable mention for RIMS’ ERM Award of Distinction, for developing a risk appetite and tolerance framework based on measurable leading key risk indicators.
“The Intuit and VIA Rail programs demonstrate the tangible value that ERM brings to their respective organizations for both strategy-setting and strategy execution,” RIMS Executive Director Mary Roth said.
Judging for the award was based on the span of the ERM program and how it engages different levels throughout the organization, as well as the link or connection between the program and the company’s overall mission, and the program’s ability to create additional value for the organization.