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?