Reporting ERM Results and Status
Once a robust ERM program is established and the infrastructure is in place including the risk owners being familiar with the ERM terminology and treatment plans created, it is now time to report the results.
The frequency of the results reporting depends a lot on desires of executive management, but in general the quarterly reporting frequency is the most effective. This provides a more real-time reporting of both new and existing risks (as opposed to semiannual or annual reporting).
It is also good to have one uniform deck prepared for executive management and one deck prepared for the audit committee of the board of directors. Those decks will be different, meaning the board will have probably less ...
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