Corporate treasurers and finance managers, as well as CEOs,board members, and other stewards of the business, generally pridethemselves on recognizing and leveraging new forms of value in theorganization. The good news for these executives is that many ofthem are sitting on a lode of untapped value, which they may beable to harness using extended enterprise risk management(EERM).

That's because many organizations have extensive opportunitiesto tap the potential of third-party assets that exist beyond thetraditionally recognized boundaries of the organization. What doesit mean to extend the enterprise, and what's the nature of thevalue and risk that comes with these third-party assets?