ERM: OLD CONCEPT, NEW IDEAS.

The article presents the author's insights on enterprise risk management (ERM). It says that John Shorteed, International Organization for Standards member, says that the framework has been maturing and evolving. According to Francis Cianfrocca, chief executive officer (CEO) of Bayshore Networks, enterprises need protection rather than risk management. It cites the goals to implement ERM, which include avoiding silos, defining and balancing risk appetite, and achieving objectives at lower cost.