Former British Prime Minister Winston Churchill seemed to have a problem with democracy! He famously said "Democ¬racy is the worst form of government, except for all those other forms that have been tried." Greek philosopher Plato agreed, putting democracy near the bottom of his list of five types of government (Aristocracy, Timocracy, Oligarchy, Democracy, and Tyranny). Most people agree that democracy is a good thing, but does it relate to our professional lives? More specifically, is it possible to develop a democratic approach to Enterprise Risk Management (ERM)?
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