“…Two possible explanations to support the latter are: (a) that organizational silos still prevail, and local operational risk control is the main concern, while overall ERM success, for most people, remains someone else's problem; and/or (b) that the majority of relatively junior and inexperienced staff among the respondents are not able to take the holistic view that ERM requires and do not know how valuable or otherwise ERM implementation is in their organization. Padova and Scarso (2012) have recently described similar tensions between local and global knowledge management issues even in an organization as experienced in KM as Ernst & Young. It is also very relevant to note the comments of Zack, McKeen, and Singh (2009) that "[a] gap exists between KM practices that firms believe to be important and those that were directly related to organizational performance.…”