In one form or another, enterprise risk management has always been an essential part of an organization’s operations. But that is arguably more true today than ever before.

Expanding business risks and regulations, growing awareness by media and stakeholders, and increased focus on corporate sustainability all make risk management a top business priority today, said Dave Anderson, vice president of GRC business strategy at SAP.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...