Enterprise Risk Management: The Case Of United Grain Growers

Enterprise risk management (ERM) refers to the identification, quantification, and management of all of a company's risks within a "unified" framework. This approach is much more comprehensive than traditional risk management practice, where different types of risk are managed by different people using different tools. The authors evaluate the advantages and disadvantages of ERM and then describe how United Grain Growers (UGG), a major farm service provider in Western Canada, established such an approach. 2002 Morgan Stanley.