What are the best first steps to take when starting an ERM program?

This is one of the most popular questions among our members.

 Many of them say that their company plans to implement ERM and they are looking for some best practices, especially on what the best first steps to take when starting an ERM program

Does anyone have any suggestions?

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One basic suggestion:

Start with a focus on key objectives and value drivers. Without a reasonable understanding of "what is at risk", how can ERM be effective?

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