Enterprise risk management (ERM) is a hot topic today yet is still in its infancy in Gulf Cooperation Council markets, where growth is being driven by regulatory and rating agency compliance requirements. Many companies fail to understand the true value and potential of having a robust ERM framework in place. A good ERM program is meant to generate significant business value, and it is only those companies that take a mature approach to risk management that will achieve a competitive advantage from it.
This article was originally published in the September 2014 issue of Premium magazine.