In the wake of recent financial crises risk management is an increasingly important business driver and stakeholders have become much more concerned about risk.
It is imperative for an organisation to understand the risks it is taking in order to effectively develop its business strategy. Effective risk management helps to improve operational processes and future planning.
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A successful enterprise risk management (ERM) initiative can affect the likelihood and
consequences of risks materialising, as well as deliver benefits related to better informed strategic decisions, successful delivery of change and increased operational efficiency.
A structured approach to ERM report