Report based on data from 500 corporate risk practitioners
The Risk and Insurance Management Society (RIMS) has announced plans to release a study this spring on the state of Enterprise Risk Management (ERM).
The report is based on data gathered from some 500 corporate risk practitioners over the course of the past year and is being developed in conjunction with software solution provider LogicManager, co-developer of RIMS Risk Maturity Model for ERM.
Mary Roth, executive director of RIMS, said: “RIMS upcoming report on ERM will be very telling on how risk management currently stands as a discipline, as well as a business function.
“It will provide insights into the state of ERM today and demonstrate the extent to which businesses are in the process of implementing ERM as a critical part of their risk management strategies.”
The spring 2008 study will be based on data submitted by some 500 corporate risk practitioners to RIMS Risk Maturity Model Assessment, an online evaluation tool that measures the maturity of risk programs.
Steven Minsky, CEO of LogicManager, said: "“RIMS ERM report will provide key insights on what risk managers have focused to drive business value in their ERM programs."
"The current number of assessment participants has exceeded our goal of 500, further underscoring the need for companies to upgrade their ERM capabilities as a result of recent mandates of an ERM-based approach to Sarbanes-Oxley(SOX) compliance, and incorporation of ERM by Standard & Poor’s and other rating agencies.”
