Steve Dreyer, Managing Director and Practice Leader at Standard & Poors, speaks to whether he thinks Enterprise Risk Management is just another consultant’s fad or if it will be an enduring process and way of thinking. He states that he believes though the name may eventually fade away, the underlying concepts that make up ERM will survive through the test of time. Mr. Dreyer expects that ERM will slowly evolve with best-practices surviving the test of time. He also expects S&P to catch some heat for evaluating such a “soft” part of a company as opposed to its traditional “hard numbers” based approach to examining companies. However, he states this is an important part of their evaluations.
October 2, 2012