Business Risk Management

The business environment over the past few years has been characterized by an unprecedented series of issues, surprises, and negative events that have increased the focus on the (in)adequacy of organizations’ governance, risk, and control activities at Board, Executive and operational levels.

A well governed, risk managed and compliant organization delivers sustained value for its shareholders in accordance with agreed strategic objectives, making governance and risk management key ingredients to successful strategy execution.  In our experience, strategies are often developed and executed without due consideration to strategic risks (i.e., those risks that could prevent the strategy from being realized).  Organizations, while increasingly equipped to manage compliance, are not so equipped to measure and manage strategic and operational risk in a systematic way.  Without this capability, organizations lack the means to predict and respond to significant risks that could undermine the strategy.  Sound governance enables strategy by ensuring the organization has the appropriate policies, structures, authorities and delegations that explicitly address the link between strategy and risk.