Abstract: To address the legal, ethical, social responsibility and environmental risks they face, organizations should design and implement business ethics risk management programs. Ethics is fundamental to enterprise risk management, and hence ethical culture objectives should be central to an effective enterprise risk management (ERM) program. This economic crisis has profoundly and permanently changed the context in which most organizations operate and strategy, tactics and operations must especially take into account the increased scrutiny of all stakeholders, which has been enhanced through the explosion of social media. The "golden triangle" developed by risk management professionals could prove to be the cornerstone for modern risk management reconstruction. The new risk managers' mantra is governance-risk-compliance (GRC).
Publication Year: 2014
Publication Date: 2014-03-28
Language: en
Type: other
Indexed In: ['crossref']
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