The current state of the erm implementation in Malaysia: An exploratory study

• Main Authors: Bin Kasim M.A., Rosmaini Bt Mohd Hanafi S., Abdul Aziz A.A., Bin Kasim I.
• Other Authors: 57205467258
• Format: Book Chapter
• Published: Nova Science Publishers, Inc. 2023
• Subjects: Chief risk officer; COSO risk management framework; Enterprise risk management; Integrated risk management

This paper reports the results of an exploratory study conducted to determine the stage and nature of Enterprise Risk Management (ERM) implementation in Malaysia. The study involves the High Performance GLCs in Malaysia (G20). The results revealed various interesting insights on the current state of the ERM in Malaysia. The overall results reported that most organizations were in the second or third year of ERM implementation; while a considerable portion of organizations were currently in the fifth year of implementing ERM. The existence of the CRO was also found to influence the degree of the ERM implementation. � 2011 Nova Science Publishers, Inc. All rights reserved.