Why Your ERM Program Cannot Get a Seat at the Strategy Table

Enterprise Risk ManagementCOSOStrategy
Written By John A. Wheeler

Every chief risk officer reading this knows the conversation. The CEO asks what the top three strategic risks are this quarter. The answer comes from a quarterly risk register refresh and a heat map. The CEO nods, thanks the CRO, and moves on. Nothing changes.

The new COSO/Crowe practitioner guide, From Guidance to Action: Exploring Practical Enterprise Risk Management, just put a number on how widespread this pattern is. Ninety-three percent of enterprise risk management programs are stuck on the wrong side of the strategy conversation, and the reason is not what most risk leaders have been told.

John A. Wheeler

John A. Wheeler is the founder and CEO of Wheelhouse Advisors, a global risk management strategy and technology advisory firm. With over three decades of experience spanning executive management, finance, risk management, audit, and IT, John is a world-renowned expert in integrated risk management technology, executive leadership, and corporate governance.

https://www.linkedin.com/in/johnawheeler/
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