Hi, Under enterprise risk management section, the core reading mentions that decision needs to be made on if risk should be managed at business unit level or group/enterprise level. If risks are managed at business unit level, is it still considered enterprise risk management? To my understanding, it seems like managing risks at group/enterprise level is enterprise risk management.
See Section 9 of Chapter 21. ERM refers to the methods and process used by organisations to manage risks. It doesn't matter whether this is done at the group or business unit level.
