Enterprise risk management has been a goal of many organizations for the past two decades. Embracing ERM makes sense, especially as risks become more numerous and more complex. ERM can help an organization better understand and manage its various exposures, while allowing it to pursue opportunities it otherwise might have missed. Despite the potential benefits, however, many organizations have encountered obstacles on the path to enterprise risk management, preventing them from successfully implementing an ERM program.

The Enterprise Risk Management Initiative of the Poole College of Management at North Carolina State University conducts an annual survey of organizations' risk management practices. This year's survey, compiled by the ERM Initiative along with the American Institute of Certified Public Accountants' Business, Industry, and Government team, is the eighth such report, providing historical insight into the pace of ERM implementation, as well as revealing some of the stumbling blocks organizations encounter.

In this Rethinking Risk podcast, Mark Beasley, Deloitte Professor of Enterprise Risk Management and director of the Enterprise Risk Management Initiative in the Poole College of Management, discusses the 2017 State of Risk Oversight Report, some of the significant trends it reveals, and some of the important calls to action it underscores for organizations looking to adopt ERM.