Enterprise risk management is the process of identifying and mitigating the potential events that might hinder the achievement of strategic business objectives. Organizations have to create awareness about such risks and in the event of any failure, they need to respond effectively. By complying with legal, regulatory and reporting requirements, the occurrence of such events is minimized.

ERM plan helps in creating the right systems and procedures that help in addressing internal and external risks. A holistic view of risks across the enterprise gives a better understanding of pitfalls and helps in creation of an effective risk management and mitigation plan.

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