For most corporate counselors and advisers, hardly a day passes now when we’re not talking or reading about the latest cautionary tales about risk assessment and management.
These concepts, more formally called “enterprise risk management,” have been around a long time. But current events being what they are, risk assessment, management, and disclosure have become more urgent than ever. Legislators, regulators, stock exchanges, credit rating services, and the like have all jumped onto the ERM bandwagon.
