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Enterprise Risk Management: A Primer for Business Leaders – Part VI

In the previous section, we explained that in 1992, Standards Australia and Standards New Zealand, two national organizations working in the field of standardization, created a Joint Technical Committee on Risk Management (“OB/7”) that would publish the first known standard for enterprise risk management:  AS/NZS 4360. In this section, we highlight important aspects of the process for developing AS/NZS 4360 as well as key features of this first ERM standard. More from our friends, Mark and Lori Siwik.

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