Description
Staff members often express their reservations that the introduction of an ERM might lead to additional bureaucratic burdens. But actually, the degree of bureaucratic burden is highly de-pendent on the kind of approach one may have. If you follow the "absolute control" approach, to some extent close to the Sarbanes-Oxley-Act procedures, this may be true. Following this approach would mean to set up a parallel system of control, focusing on monitoring and compliance regulations.