Using ERM to Navigate Coronavirus and Other Pandemic Risk Events

The rapidly evolving coronavirus is triggering all kinds of risks impacting multiple aspects of an organization. Unfortunately, we are seeing first-hand how a single root cause event can trigger interrelated consequences for an enterprise. While strong risk management practices can’t stop the spread of the coronavirus or prevent other pandemic risk events, enterprise risk management processes can help organizations anticipate the impact of these kinds of unforeseen, extraordinary events. Mark Beasley, KPMG Professor and Director of the Enterprise Risk Management Initiative in NC State’s Poole College of Management, was recently interviewed by Financial Management magazine about lessons on short- term and long-term steps organizations can take to brace for the potential full effects of the global outbreak of the coronavirus.  Listen to the Podcast >>