What is ERM?

ERM typically refers to Enterprise Risk Management. It's a structured, consistent, and continuous process applied across an entire organization for identifying, assessing, deciding on responses to, and reporting on opportunities and threats that affect the achievement of its objectives. ERM aims to improve strategic decision-making by understanding risks and their potential impact on the organization's goals. It's commonly used to comply with regulatory requirements, improve operational efficiency, enhance corporate governance, and protect organizational value.