The Siloed Nature of ERM: A Barrier to Comprehensive Risk Management

A recent report by the Association International Certified Professional Accountants (AICPA) and North Carolina State University’s ERM Initiative highlights a critical challenge in enterprise risk management (ERM): its isolation from other risk disciplines. Despite the growing complexity and volume of corporate risks, only 37% of organizations report having complete ERM processes, with 30% rating their risk management “mature” or “robust”.