Such a broad perspective of risk management implies a requirement to develop a very comprehensive strategy to identify, measure, monitor and control a vast array of risk exposures, and communicate the company’s risk policies to staff at all levels via the creation of a risk aware culture. This is a very broad remit for the risk manager, as it encompasses all hierarchical levels within the company as well as multiple functions, and hence poses major challenges in its practical implementation. Perhaps not surprisingly, therefore, there is evidence to indicate a limited take up of ERM to date.