Answer :
Enterprise Risk Management (ERM) consists of strategies and techniques used by companies to manipulate risks and capture opportunities related to the achievement of objectives.
Risk Oversight. the board's supervision of the risk management framework and chance administration process.
What is an ERM framework?
An ERM framework affords structured feedback and preparation to commercial enterprise units, executive management, and board contributors enforcing and managing ERM programs. ERM frameworks assist establish a constant hazard administration culture, regardless of worker turnover or industry standards.
What is the ERM process?
Process. Enterprise danger management (ERM) is the process of identifying and addressing methodically the manageable activities that symbolize dangers to the fulfillment of strategic objectives, or to possibilities to achieve aggressive advantage.
Learn more about ERM here: