institutions minimize their risks through processes that ensure the most efficient use of risk strategies. To create awareness and risk understanding across the enterprise, ERM Exchange assists management in clearly articulating high-level goals and objectives, allocating capital and other resources effectively and efficiently, communicating reliable operational and financial data, and maintaining compliance with the burdens of laws and regulations.The concept of enterprise risk management, or ERM, has existed in business for almost two decades. ERM includes business strategy and risk alignment, mitigation, avoidance, acceptance, sharing, and transferring risk. ERM continues to be one of the biggest concerns for corporate boards of directors. In a recent nationwide survey, nearly 70% of the respondents indicated that their organizations were caught off guard “somewhat” to “extensively” by operational surprises over the past five years. ERM Exchange guides public, private, and non-profit institutions to successfully execute business strategies, and fulfill their board’s fiduciary duty related to ERM through our risk assessment and mitigation services.