Enterprise Risk Management
The most comprehensive policy document on risk that I’ve seen.
Alex MartinEnterprise Risk Management: Seven Reasons
- Deals with risk in a systematic and timely manner
- Clarifies responsibilities
- Reassures investors and regulators
- Assists good governance
- Integrates risk consideration into the business process
- Provides an excellent basis for decision-making
- Reduces the likelihood and impact of things going wrong
How we build an Enterprise Risk Management plan
- Purpose of the Plan
- Defining Enterprise Risk
- Types and examples of risk
- Plan overview
- Standard risk controls
- Reporting risk
- Compiling the Risk Register
- Risk assessments
- Risk ownership & accountability
- Risk appetite and tests
- Risk committees & responsibilities
- Compliance
- International Standard
- Principles of risk management