ERM Offers Something for Everyone (Lars Powell Commentary)

by Lars Powell  on Monday, Apr. 15, 2013 12:00 am  

Lars Powell

Enterprise risk management has been steadily evolving since James Lam coined the term circa 1993. At first, ERM was hard to define, even by high-level practitioners. At a conference in 1999, after a team of consultants from one of the big accounting firms made a lengthy presentation about the ERM program they had implemented for a Fortune 500 client, someone in the audience suggested they should return their fee because they had not delivered ERM.

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