Most importantly, the defining characteristics of The Risk Intelligent Enterprise are outlined, including:
-- a risk management philosophy that focuses not solely on risk avoidance, but also on risk-taking as a means to value creation
-- risk management practices that encompass the entire business, creating connections between the "silos" that often arise within large, mature, and/or diverse corporations
-- risk management strategies that address the full spectrum of risks, including industry specific, compliance, competitive, environmental, security, privacy, business continuity, strategic, reporting, and operational
-- risk assessment processes that augment the conventional emphasis on probability by placing significant weight on the notion of vulnerability
-- risk management approaches that do not solely consider single events, but also take into account risk scenarios and the interaction of multiple risks.
Mark Layton, global leader of Enterprise Risk Services at Deloitte & Touche LLP, stated, "Getting risk management right has never been more important.