Does the commitment of the board of directors of an organisation impact enterprise risk management implementation? | The Oxford Review - OR Briefings

Does the commitment of the board of directors of an organisation impact enterprise risk management implementation?

Research Briefing

Keywords: enterprise risk management, board of directors, senior management commitment, chief risk officer, risk culture, risk, organisational risk

There has been a fashion in the research world recently for looking at what impact the commitment of senior management has on a range of organisational issues such as employee commitment, trust, innovation etc. A new study looking at the impact that senior management’s commitment to risk management has on Enterprise Risk Management implementation and operation. Virtually all the studies report that senior management (Board of Director level, senior leaders and managers) report, unsurprisingly, that the senior leadership commitment is a key factor in just about every issue looked at.

But is it the same for Enterprise Risk Management implementation and operation?

These are some surprising findings in this study which anyone engaged in risk management will want to know about.

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