Business families are exposed a spectrum of risk both from within and outside of their enterprises. In a world of increasing volatility and uncertainty, many boards have embraced Enterprise Risk Management (ERM) programs to manage and mitigate those risks, though they tend to focus exclusively on operations and compliance and fail to integrate risks unique to family-controlled systems. This module will introduce a Family Enterprise Risk Management (FERM) framework to address these shortcomings and support your deliberations about systemic enterprise risk. It will also encourage participants to share their own stories of crisis management in the face of the recent pandemic, and explore opportunities for all families to build resilience in this rapidly changing environment.