Communication of these practices to line managers and employees allows employees to gain a good sense of acceptable risks and have a process for communicating apparently unacceptable risk-taking to appropriate levels of management and to the compliance function. ERM also promotes a consolidated vision of corporate goals, objectives, and strategies.
Though several industries have been hit very hard, the worst-case scenarios spun in late September have not materialized. In particular, households' views of the economy have remained relatively stable, all things considered. In fact, in one of the most recent readings, consumer confidence was not much lower than it had been in August.