Enterprise Risk Management
Enterprise Risk Management (“ERM”) is a disciplined and integrated approach that supports the alignment of strategy, process, people and technology and allows companies to identify, prioritize and effectively manage critical risks.
DDR is committed to enhancing its traditional risk management platforms while building and maintaining a comprehensive and formal Enterprise Risk Management Program with oversight and management by an ERM Committee.
The ERM Committee of DDR is responsible for the company’s ERM Program and identifying and classifying top enterprise-wide risks. Through our ERM Program the company is better able to monitor and mitigate the strategic, operational, compliance and financial risks that could adversely affect our operations and short- or long-term strategy.
By identifying and reviewing risk exposure on a regular and recurring basis and allocating resources appropriately, the company is better prepared to proactively mitigate risks. Understanding and calculating risks through an integrated framework allows the organization to execute more effective strategies to successfully achieve objectives and performance goals.
The ERM Committee sets the “Tone At The Top” for complete support of the ERM Program and meets regularly to discuss new and emerging risks, risk tolerance and appetite, and to ensure accountability for all major enterprise-wide concerns. The ERM Committee regularly engages the Board of Directors at the Audit Committee level.
The ERM Committee of DDR is responsible for maintaining a comprehensive enterprise risk management program. The program is designed to identify, assess and manage the strategic, operational, compliance and financial risks of the organization.