​ENTERPRISE RISK MANAGEMENT

-- organisation exists to respect its stakeholders. Both companies face uncertainty, and management 's task is to decide how much uncertainty to embrace, as it seeks to maximise the value of its stakeholder. Uncertainty poses both challenge and potential, potentially eroding or enhancing value. Company risk management allows management to efficiently handle complexity and related risk and opportunity, improving the value-building potential of the company.

Enterprise risk management helps monitor the entity's efficiency and profitability goals and prevents resource loss. It helps ensure proper monitoring and compliance with laws and regulations, and helps to prevent harm to the entity's image and related impact. In summary, corporate risk management helps a company get where it needs to go, avoiding obstacles and challenges along the way and achieving where it aspires.

RISK MANAGEMENT IS A PROCESS WHICH HELPS ORGANIZATION UNDERSTAND

• What threats impact the organisation?
• What's your danger appetite?
• What steps does it take to minimise risk?
• How effectively is the risk minimised by controls?
• How can the entity / stakeholders accomplish their aim better?
• Our risk team's mission is to build processes in place to ensure that key stakeholders such as board of directors, owners, decision-makers can achieve 3 crucial asset security targets, timely and reliable compliance / reporting, data-driven decision-making.

OUR RISK-MANAGEMENT Tools

• Diagnostic status assessment
• Compliance Medical Analysis
• Standard operating procedures (SOPs) specification and documentation
• Preparing risk-control matrices (RCMs)
• Checking SOPs operational performance
• Internal Financial Controls (ICoFR)
• Productivity and performance feedback
• Audits of management
• Internal auditing