Bethesda, MD – November 4, 2024 – GRF CPAs & Advisors is proud to announce the publication of a new article, “Board Member Guidance for Association Enterprise Risk Management,” authored by Melissa Musser, Susan Colladay, and Joseph Pugh. This insightful piece is featured on the ASAE Center’s website and provides guidance for association board members on implementing effective enterprise risk management (ERM) practices.
Building on the success of Melissa’s widely read article, “Why Associations Are Implementing Enterprise Risk Management,” Melissa, Susan, and Joe created a comprehensive handbook designed to be an indispensable resource for board members. The article draws from this resource and outlines the critical role of the board in risk oversight, emphasizing the importance of a holistic approach to risk management that aligns with the association’s strategic goals.
Key takeaways from the article include:
- The distinction between traditional risk management and enterprise risk management.
- The role of the board in defining risk appetite and monitoring risk management.
- Practical steps for implementing a customized ERM playbook tailored to the association’s needs.
“We are excited to share this valuable resource with the association community,” said Melissa Musser, Partner and Director of Risk & Advisory Services at GRF. “Our goal is to equip board members with the tools and insights they need to effectively oversee risk management and support their association’s strategic objectives.”
The article is now available on the ASAE Center’s website.
About GRF CPAs & Advisors
GRF CPAs & Advisors is a full-service professional services firm providing clients with accounting, tax, and advisory solutions. With a focus on industry best practices and innovation, GRF serves a diverse client base, including trade and professional associations, nonprofits, and businesses worldwide.