- Standard & Poor’s Includes Enterprise Risk Management (ERM) Review as Part of its Ratings Process
- S&P Uses Strategic ERM to Measure Management Leadership
During your upcoming S&P visit, is your organization ready to answer analysts’ questions about:
- The influence of risk management on budgeting and management compensation”?
- Or, “management’s view of the most consequential risks the firm faces, their likelihood, and potential impact on credit”?
- Internal and external risk-management communications”?
- Or, “the role of risk management in the strategic decision making process”?
S&P says it will “emphasize risk-management culture and strategic risk management.”
|S&P’s Expectations||Riskonnect GRC Value|
|Expectations for risk acceptance and avoidance||
|Transition from cost/benefit to risk/reward||
|Board and management responsibility||
|Communicate efforts to manage risks internally and externally||
|S&P’s Believes ERM is NOT|
|To elimitate all risks||
|Avoid all losses||
|Disjointed data process||
|Rigid rule set||
|Same for all industries||
- Your organization can realize value and opportunity with a strong strategic ERM program
- Your S&P rating could be affected
- Your S&P credit rating is one risk you don’t want to take
- Riskonnect provides a comprehensive ERM Software-as-a-Service system that adapts to your business process and enables you to integrate a strategic ERM program throughout your organization
- Contact Riskonnect now and accelerate the maturity of your ERM program