Risk is not an esoteric subject. It is not fiction. Risk is an integral part in business as much as it is in every day life. There is a degree of risk in every decision a shareholder or a CEO takes in business in any sector, with risks is some sectors more evident and carry more ramifications than others. Enterprise risk management is the practice to understand, analyse and building mitigation measures to address these risks whilst contributing to accelerated attainment of its business outcomes. Risk management is not a necessary evil but a crucial tool that protects enterprise value and constantly points out areas of critical improvement or even business opportunities which otherwise might be overlooked.
Our capabilities in risk management are based on three pillars: methodology, application to vertical sectors and joint ownership of the risk management process. Firstly, our methodology is built on the practical adaptation (depending and proportionate to the size, nature and process complexity of our client’s organistaion) of the ISO 31000 and COSO standards, which provide a solid benchmark and guideline to which organisations can aspire to align to. Secondly, our strategy skills set and our engagement in a range of vertical sectors enabled us to build a knowledge bank of actual, latent and potential risks to, which companies are exposed in the various industries. Through this knowledge we help clients to frame the risks which are pertinent to their industry and their situation. Thirdly, we do not simply submit a report on risk management and walk away. We approach our engagements by taking ownership of this process and assuming a leadership role in the monitoring and coordination of management of the designated risks. In doing this we complement our services in this domain with our expertise in crisis management and information security, enabling us to provide an integrated suite of services to corporate clients in the prevailing business environment.
We provide a range of risk-management related services in most of the critical areas of the companies we help in this domain including compliance, corporate governance, internal security, insurance and business continuity management, process assurance, information security, project risks, contract assurance, internal audit review, public relations and talent-related risks.