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Introducing EERM – Enterprise & External Risk Management

zEthics introduces a cloud computing application for External Risk Assessment that integrates with ERM solutions to provide a holistic view of risk, creating the first and only solution for Enterprise and External Risk Management (EERM).

PRLog - Feb. 20, 2011 - PHOENIX -- At the Ad Hoc Risk Management Committee meeting of the California Public Employee’s Retirement System (CalPERS) on February 15, 2011, the Interim Chief Risk Officer indicated to the Board of Administration that the problem with Enterprise Risk Management (ERM) solutions is that they provide an internal view of risk only.  A holistic view of risk must include an external view of risk.

As we’ve seen on Wall Street in recent years, employees can put corporations at risk when they make decisions that maximize their incentive based compensation.  And these risks can ripple through the supply chain and partner organizations.  These “black swans” come with little warning, and no time to prepare an appropriate response.

The other problem with ERM, as pointed out by the consultant from Deloitte & Touche LLP that is supporting CalPERS’ newly created Office of Enterprise Risk Management (OERM), is that risk assessments are subjective.

To solve these problems, zEthics has introduced a cloud computing application for External Risk Assessment that integrates with existing ERM solutions to provide Corporations, Investment Companies as well as Federal and State agencies a holistic view of risk, creating the first and only solution for Enterprise and External Risk Management (EERM).

CalPERS plans to transform its culture into a risk intelligent organization, and the Board of Administration firmly believes that it is on track to become the industry leading enterprise risk management organization.  They recognize that risk will be complex to manage, that ERM is theory based, and that the C-Suite and Board must have a 360-degree view of risk to be successful.

It was even suggested by one of the Board members that CalPERS implement a Risk Helpline to compliment their recently implemented Ethics Helpline.

zEthics is one step ahead, offering an integrated Ethics/Risk Helpline at http://www.zethics.com.

The Open Compliance & Ethics Group (OCEG) recently held a webinar to provide risk managers guidance on what to do when their ERM and Governance, Risk & Compliance (GRC) solutions break down.  In yet another webinar, OCEG provides guidance on aligning risk and performance with GRC intelligence.

Again, zEthics is one step ahead of OCEG, providing a cloud computing application that integrates internal with external risk assessments, and provides the diagnostic tools to align risk and performance to create a risk intelligent organization.

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zEthics is a start up based in Phoenix, Arizona that takes a holistic view of risk, integrating External Risk Assessments with Enterprise Risk Management (ERM) systems. zEthics introduces the first cloud computing application for Enterprise and External Risk Management (EERM), providing Corporations, Investment Companies as well as Federal and State agencies a holistic view of risk. zEthics provides the diagnostic tools to align risk and performance to create a risk intelligent organization.

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Contact Email:
***@zethics.com Email Verified
Source:Mark Rome
Phone:888-668-0080
Zip:85042-6951
Location:Phoenix - Arizona - United States
Industry:Banking, Finance, Business
Tags:erm, calpers, oracle, sap, Deloitte & Touche, grc, risk, black swan, OCEG, performance
Shortcut:prlog.org/11315704
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