Georgetown University has adopted an Enterprise Risk Management (ERM) process to help improve the University’s ability to identify, assess and respond to institutional risks and opportunities. The University’s ERM program was approved by the Board of Directors in 2012. The goals of the program are to assist executive management and the Board of Directors in understanding the most critical institutional risks and ensure that those risks are managed effectively, with emphasis on reducing risks to Georgetown’s brand and reputation. Georgetown’s ERM process engages academic and administrative leaders throughout the University to identify risks, and an Enterprise Risk Management Committee, in consultation with the President, determines the University's most significant risks. Top institutional risks are monitored by management, reported to the Board and assigned to an appropriate Board Committee for oversight.