"Enterprise risk management contains the seeds for an essentially amoral, inward-looking and self-referential set of practices. It creates and supports a (distracting) consciousness of the organisation as being at risk in the face of the rights and claims of others. This reinforces an individualised identity for which private secondary risk management is considered as the key to survival.
In this way, Enterprise risk management creates a 'morally thin' atmosphere which overrides any civic vitality that may have existed."
Michael Power, The risk management of everything, Demos, 2004, pp.56-57.
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