10 Minutes on building Enterprise Risk Management in companies in Russia, the CIS and CEE

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Companies around the world must today deal with risks that are much more interconnected and therefore more challenging to manage than those they were dealing with under more favourable economic conditions2. Never before has sound risk management been so important for company profitability and, in some cases, survival.

Many organisations across the CEE region are re-evaluating the need to develop robust Enterprise Risk Management (ERM). Some are at the start of the journey, with unintegrated or no framework in place. Others are looking to move from small, established risk management functions at the group level to a function that extends deeper within the organisation.

Whatever the case may be, establishing ERM is not an overnight process. In our publication you can read about a staged approach companies should take.