The enterprise-wide risk management activities and framework would focus on the development and/or evaluation; implementation and/or maintenance of an integrated, holistic and enterprise-wide risk management framework, which would among others, take into consideration and/or implement the following:
- Current risks
- Emerging risks
- Unacknowledged risks
- Reputation risks
- Strategic risks
- Risk financing (insurance) portfolio optimisation
- Physical risk management policies
- Legal and regulatory environment
- Risk management processes
- Risk appetite
- Risk event tolerance
- Risk bearing capacity
- Risk maturity evaluation
- Risk registers
The focus of EMPOWERisk’s enterprise-wide risk management activities are to ensure business applicability and value adding and not theoretical requirements but considering best practice standards such as COSO, ISO and King IV etcetera into consideration.
Enterprise-wide risk management
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