RIMS Professional Report: Communication With the C-Suite and Board

NEW YORK, Aug. 8 -- The Risk and Insurance Management Society issued the following news release:

With mounting global uncertainty and the accelerating pace of change impacting business on many levels, expectations for improved risk management and information reporting have significantly increased, according to RIMS' new professional report "Communication with the C-Suite and Board: Visualizing Enterprise Risk Management Information."

The RIMS report emphasizes enterprise risk management's (ERM) ability to steer risk professionals through the challenging task of determining what information should be presented to decision-makers and how it should be communicated. Additionally, the report highlights the significance of an ERM program's maturity, the systems for delivering risk information, as well as sources for monitoring and collecting risk intelligence.

The report is co-authored by Julie Cain, senior strategic advisor, information and technology risk management at the Educational Testing Service; Christine Novotny, ARM, RIMS-CRMP, manager risk and insurance for PeaceHealth; and David J. Young, lecturer at the Risk Management and Insurance Program, University of Colorado Denver Business School. The group also presented on this topic at RIMS 2018 Annual Conference & Exhibition in San Antonio.

The report notes that, "Ensuring that the most effective methods are used to inform senior management of critical ERM information is the surest path to organizational success, stability and resiliency."