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Enterprise Risk Management (ERM) for Nonprofits: A Primer
Organizations today are exposed to a multitude of risks and opportunities in conducting their activities. Surprisingly, most never see the threats or, more frequently, are unable to change quickly enough to avoid them, or to turn them into opportunities. This virtual gathering explored why risk management is essential as a strategic tool for communicating risk information using distinct tools and addressing gaps in the control and management of nonprofits. Specifically, we introduced approaches that nonprofits can apply to strategically identify, mitigate, and manage their risks.
The gathering featured a presentation by and conversation with Abol Jalilvand, the Ralph Marotta Endowed Chair in Free Enterprise and Professor of Finance at Loyola’s Quinlan School of Business. Dr. Jalilvand is a leading expert on enterprise risk management (ERM) and the founding director of Quinlan’s series on the Future of Business Education. He brings a wealth of scholarship and more than 35 years of administrative experience to his perspectives on ERM.