» Enterprise risk management. Generally speaking, enterprise risk management focuses on the totality of the risks across an enterprise rather than on each of its discrete risks or the risks of individual units or divisions within the organization. It is “a process that provides a robust and holistic top-down view of key risks facing an organization.”5 It also may include a “bottom-up” assessment of risks (., an upward reporting of risk). While the referenced “enterprise” might easily be determined for an operating company, it may not be as apparent in the fund context without some discussion. Accordingly, if.
