Strategic risk management (SRM) can be seen as a subset of Enterprise risk management (ERM). Strategic risk management involves just the board and C-suite executives (while ERM extends from the board throughout the organisation).
“Strategic Risk Management is a business discipline that drives deliberation and action regarding uncertainties and untapped opportunities that affect an organisation’s strategy and strategy execution.”
– Risk and Insurance Management Society (RIMS)
The CGR Foundation platform helps businesses integrate strategic risk management at board level, so that everyone is aware of liabilities, threats, and opportunities.