Enterprise Risk Management

WAYS FOR GOVERNANCE, RISK AND COMPLIANCE…

Members of the senior management team are facing unprecedented levels of business complexity. They have to adjust to constant changes in the security climate, changes in socio-political threats, new regulations and legislation, increasing customer demands and changing markets.

The risks toward businesses are very real and could impact the resources (human and capital), the products and services, or the customers of the enterprise.  External impacts from society would also in worst case affect the security and safety of the business.

SHIELD offers a comprehensive risk and compliance solution that includes governance for enterprise risk management. Enterprise risk management enables an organization to assess risks and objectives across the enterprise and to minimize loss and enhance the decision-making process.

Enterprise Risk Management solution offer a consistent and sustainable framework for identifying and managing enterprise risks resulting from failed processes, people, systems or external events.

The implementation of Enterprise Risk Management helps to safeguard businesses against losses, earnings surprises and reputation damage by strengthening the management of strategic, market and other financial risks and can provide more effective controls over non-financial risks such as fraud, systems failure and breaches in compliance with regulatory and corporate guidelines.

Enterprise risk management is the process of planning, organizing, leading and controlling the activities of a company in order to minimize the effects of risk on the companies’ infrastructure and capital. Enterprise risk management expands the process to include not just risks associated with accidental losses, but also strategic, operationallogistichuman resources, securityand other functions of the company.