Who Has it Tougher? Comparing ERM Challenges at Corporations vs. Government Agencies

In this session, we discuss common challenges in creating and maintaining a successful ERM program, and compare these at two different types of organizations – corporations and government agencies. Each presents its own advantages and disadvantages. In this session, we discuss firsthand experiences of two ERM leaders and their stories of the challenges presented, and how to address them, at both types of organizations. We will answer questions such as: Which is more challenging – conducting a qualitative risk assessment in a corporate or government environment, and why? Is it more complex to quantify risk at a corporation or a government agency, and why? What are the different challenges in managing exposures to within risk appetite/limits? Is defining risk appetite simpler in government than at corporations? At which type of organization is it more challenging to communicate key messages to stakeholders, and why?

  • Date:Monday, March 9
  • Time:2:05 PM - 2:55 PM
  • Session Type:Concurrent Session
  • Audience Level:2
  • Learning Objective 1::Identify common challenges in creating and maintaining a successful ERM program
  • Learning Objective 2::Compare and contrast ERM challenges between corporations and government agencies
  • Learning Objective 3::Gain insights into performing qualitative risk assessments, managing exposures to within risk appetite/limits, and defining risk appetite
  • Moderator:Sim Segal
Speakers
Sim Segal
SimErgy Consulting
Thomas Brandt
Internal Revenue Service
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