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Dictionary by pitch.dog
Enterprise risk & controls · Working

Emerging risk

Also called: nascent risk

ELI5

A new or changing risk whose likelihood, impact or form is not yet well understood.

Used in conversation

“Which version of emerging risk should the board treat as current?”

Pitch context

You will see “Emerging risk” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches enterprise risk & controls.

Why it matters: In enterprise risk & controls, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

When the words have to travel

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Sources & evidence · 3

Direct term-level sources and supporting source families.