Normally I spend a lot of time complaining that vendors and consultants talk an awful lot of nonsense about risk management. It is only fair that I give praise when someone bucks that trend. Jim DeLoach is managing director of Protiviti, the global firm with a notable expertise in risk. Look here for his short and brilliant explanation of “what is ERM and why it is important”. I particularly liked his critical summary of the reality of risk management:
…risk is often an afterthought to strategy and risk management is an appendage to performance management.
Too true!
