Enterprise-Wide Risk Management (EWRM) Practices

The Enterprise-Wide Risk Management (EWRM) concept seems to be gaining ground worldwide. Although this concept is still new in many parts of Asia and other developing countries, there are positive indications that EWRM is beginning to receive much attention, and that this topic is being widely discussed on an industry-wide basis. Numerous studies on this concept have been done by the practitioners, consultant firms, and professional bodies, rather than by academicians. The emergence of EWRM is cited to be driven most by corporate governance, and its effective implementation is claimed to contribute toward value creation. This book provides empirical evidence on the EWRM practices and their relationships with value creation. It can be used as a reference to all types of organisations of different sizes and industries in the implementation of EWRM and provides benefits for policy makers and the relevant bodies to improve or upgrade the existing risk management requirement and develop a risk management standard.