Francisco Fuentes, Vice President of Risk Management, Tailored Brands
In the modern world of retail, an Enterprise Risk Management (ERM) program should be dynamic and keep up with the internal and external changes in the stakeholders’ concept of risk. While it is important to maintain the most significant elements of retail ERM, such as cybersecurity, technology, brand reputation, sales and competition amongst others, it is also necessary to consider how an organization designs a proper ERM engagement and executes the necessary mitigation controls taking into consideration the proper framework, such as COSO, ISO or others.
In the current retail environment, public companies and their leaders are required to balance the need to evaluate the shareholder and customer risk with the consideration for risks affecting customers, employees, the environment, and the communities in which they operate. Consumers, company employees, boards and shareholders are requesting a higher level of ethics and participation in areas of ERM.
Consumers, company employees, boards and shareholders are requesting a higher level of ethics and participation in areas of ERM 
As such, it is…
