Enterprise Risk Management Committee
The Enterprise Risk Management (ERM) Committee reports to the Vice President of Finance and Operations.
The Committee has no executive powers or supervisory functions. Rather, it will function in a review, recommendation, and advivory role to the VPFO/COO on behalf of the entire University.
The University of North Dakota’s Enterprise Risk Management (ERM) Committee provides campus-wide facilitation in achieving the ERM vision and mission. ERM creates a comprehensive approach to anticipate, identify, prioritize, and manage risks to daily operations and mission objectives. Enterprise risk is any significant event or circumstance that could affect or impact the achievement of mission objectives including strategic, operational, financial, compliance, and reputational risks. The ERM framework is defined by the North Dakota University System with periodic reporting/communication required.
The ERM Committee vision is to expand the University’s ability to achieve its mission
objectives by managing risks and maximizing opportunities
Members of the ERM Committee will collaborate on a holistic approach to identifying and managing the full range of risks the University faces. The Committee will champion these strategies and be charged with communicating them to each member’s respective areas so that all stakeholders take ownership. A common language for managing our risks will be established with a balanced view between upside and downside risks – one that attempts to minimize hazards, influence and control uncertainties, and manages opportunities.
NDUS Audit Compliance