Risk management has often been carried out by organizations in silos, with counsel responsible only for legal risks. Increasingly, though, systematic ERM will be imposed on corporations. This program will explore a number of issues related to ERM, including: What does ERM entail? What are the emerging ERM frameworks. such as ISO 31000, and how do they promote effective risk taking and help organizations maximize the opportunity for gain? What is ERM’s role in strategic planning? What is the appropriate role for the legal department in promoting an effective ERM program? The panel will share their experiences, demonstrating the critical contributions that ERM can make in management and in implementing an effective compliance program.