The adoption of Enterprise Risk Management (ERM) is increasing in Singapore and it is driven by a variety of factors. Some companies are motivated by the potential of ERM to minimise their downside risks and protect the value of their assets, while others view ERM as a management tool to improve corporate governance or increase preparedness or resilience to 'risks'. Regardless of the drivers or expected benefits, all companies face important decisions and challenges regarding the implementation of ERM and how to embed it firmly within their organisations.
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On the 25 May 2010, KPMG LLP Singapore hosted an executive briefing and panel discussion on the key findings from the 2010 KPMG Singapore Enterprise Risk Management Survey Briefing. The briefing brought together risk management practitioners and related executives from a broad range of industries and yielded positive insights from panellists and participants.
This publication captures the essence of the discussions as well as key highlights from the KPMG Singapore Enterprise Risk Management Survey 2010. Focusing primarily on Singapore's private sector, this publication presents insights into:
- The state of ERM implementation in Singapore
- Hardwiring risk management into the corporate DNA
- Risk accountability in the organisation.