Enterprise Risk Management (ERM) is a comprehensive and systematic approach to managing an organization's risks. By implementing an ERM framework, what significant benefit is a company anticipated to achieve?

Exam-Like

Allowing the company to determine and make use of a higher risk appetite

5.3%

Finding the optimal reporting methodology for each risk function

11.6%

Improving the top-down communication and coordination in the company

77.9%

Taking advantage of the new opportunities that create value on a standalone basis

5.3%

Financial Risk Manager Part 1