Enterprise Risk Management (ERM)

Enterprise risk management is a process, effected by an entity's board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives.

Enterprise Risk Management – Integrated Framework Executive Summary, Committee of Sponsoring Organizations of the Treadway Commission, 2004

 

Seminar-Workshop on Enterprise Risk Management

Topic Outline

Seminar


I. Introduction to Corporate Governance and Risk Management
                  a. Corporate Governance
                  b. Risk Management


II. Enterprise Risk Management (ERM)
                  a. ERM defined
                  b. Organizational Culture and ERM
                  c. Accountability
                  d. Identifying Risks
                  e. Measuring Risks
                  f. Controlling Risks


III. Completed Staff Work (CSW) for Corporate Governance and ERM
                 a. CSW concepts
                 b. CSW for corporate governance and ERM


IV. ERM Policy
                a. Introduction
                b. Risk Management framework

 

Workshop

 

I. Assessment of Business Risks
              a. Identification of Risks
              b. Measurement of Risks


II. Development of Risk Management Strategies and Action Plans


III. Monitoring and Reporting on the ERM Process


IV. Summary and Integration