The underl y ing pre m ise of enterprise risk m anage m ent is that every e n tity exists to pr o vide value for its stakeh o lders. All entities face u n certainty, and t h e challenge for m anagement is to deter m ine how m u ch uncert a inty to accept as it strives to g row stakeh o lder value.
Uncertainty presents both risk and opportunity, with the potential to erode o…
