Implementing Enterprise Risk Management (ERM) entails a broad approach with the aim to enhance overall corporate governance effectiveness and efficiency. A systematic ERM framework will help companies clarify their contexts; identify, analyse, evaluate the risks and implement effective counter-measures. It is also very important to communicate and monitor the risks before they become surprises that may result in significant financial losses or irreparable reputational damage. It is therefore crucial for HR practitioners to have a good understanding of Enterprise Risk Management and their roles related to ERM so as to effectively support Management in pursuit of the organisation’s objectives.
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