Question: What did you think of the conversations with Shawn and Tom about ERM? include comments about both of the video conversations. Shawn definition of "a way to cast a wide net across an entire business to ID the risks that matter and can affect the business's ability to succeed at their objectives and strategic plans." Tom defined ERM as a system "designed to identify things that would drive variability, and/or to lessen the probability that impact might occur." It's a simple, yet meaningful definition. Moreover, Tom introduced a new idea, which is "embracing risk for new opportunities."