A commonly misunderstood characteristic of ERM in Switzerland is that it is perceived as a risk minimization tool. However, ERM is about controlling an ideal risk exposure level to pursue strategic objectives. ERM has emerged as an important business topic in Switzerland. As major challenges still pose a threat to successful ERM implementation, this study provides some causes for reflection on how to implement ERM model in order to gain a comprehensive view on all risks, opportunities and their respective interdependencies. Moreover, this study suggests policy makers to think about how to strengthen risk-based disclosures in the future.
Hunziker, S. and Durrer, M. (2021), "Enterprise Risk Management in Switzerland", Maffei, M. (Ed.) Enterprise Risk Management in Europe, Emerald Publishing Limited, Bingley, pp. 227-242. https://doi.org/10.1108/978-1-83867-245-420211013
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