This is a presentation from the 2010 ERM Symposium 4/12-4/15/2010 Concurrent Sessions DM–Decision Making. This session will examine ERM from the perspective of how a company's strategic decisions are made and how these may drive the ERM process. In particular, it will discuss how different stakeholders and their various incentives influence strategic decision making. Parameters involved include growth targets, profitability targets, capital levels, risk tolerance and planning horizon. Stakeholders include chief executive officers, financial officers, employees, the board of directors, shareholders/owners, Wall Street analysts, credit rating agencies, regulators, agents and policyholders.