In this day and age, it has become extremely important to probe deeper inside the ‘known’ and visualise beyond usual the ‘unknown’. Risk planning now requires a microscopic view on the What? How? When? and How to? on every facet of management in any organisation, big or small. Irrespective of your organisation’s current risk framework, it is prudent to have a dynamic review process in place augmenting prevailing practices with non-biased independent view to your senior leadership, risk departments and risk committees.
The objective is to drive an effective risk management framework in making the organisation resilient to withstand, adapt, and thrive in the face of shocks that are internal and external, as well as known and unanticipated events like the unprecedented global pandemic, natural calamities, global warming ramifications and so on.
M&M Endorsements, apart from routine risk framework assessment and reviews will:
- Guide and advice on appropriateness of reports on risk management systems in place both at the management and board levels
- Review and analyse cultural influence on risk in your organisation
- Review and map relationships between risk and operations versus risk and strategy
- Review and update organisation’s risk appetite and tolerances
- Review and optimise effectivity of the ‘risk committee’
Risk management framework assessment and planning has become a necessity rather than a tick a box exercise. We help business leaders in resolving the gaps and address natural pitfalls often due to lack of proper understanding, complacency or lack of the required knowhow.