We know that no two businesses operate to the same risk appetite and tolerances or risk model. When it comes to the risk appetite and tolerances each organisation is different. Businesses approach risk management and business continuity in different ways. Each Board and Executive Management team will have varying views on risk and risk management. It is important that senior executives and the Board are aligned with their stakeholders’ risk tolerances and appetite. We specialise in facilitating workshops and discussions with directors, senior executives and shareholders to gain alignment and buy-in.
The level of acceptable risks to take,to remain competitive and commercially viable, will differ depending on industry and agreed risk tolerances and appetite. Some risks can be reduced or mitigated against but, not all risks can or should be eliminated. Our team can operate independently or as part of an outsourced compliance services resource to help identify risks through risk analysis. We work with businesses to review their enterprise risk and provide corporate governance compliance and vendor management services.
Risk management is part of an organisation’s overall governance framework. Governance risk and compliance can be controlled using outsourced compliance services, outsourced company secretarial services and risk management consulting services. Corporate Governance Compliance should not be a ‘box ticking exercise’ but rather embedded procedures, processesand systems embraced by all departments and teams.
We would be delighted to work with your executive team to identify key risks and provide mitigation options to reduce risks within accepted tolerances. It is vital that senior management and their teams are aware of how to identify risks and form business objectives to mitigate and reduce risks which are in keeping with their Board’s overall organisational strategy and business plan.