Enterprise Risk Management
Enterprise risk management (ERM) is a methodology that helps organizations to identify and assess the key risks impacting its business and developing strategies and controls to mitigate such risks. Risk management would help an organization to understand and manage its risk universe and prioritize the risks based on materiality, occurrence rate and impact.
Why is ERM important to you?
Risk Management as specified in Clause 49 of the Listing Agreement by the Securities and Exchange Board of India (SEBI) stipulates the following:
a. The company shall lay down procedures to inform Board members about the risk assessment and minimization procedures
b. The Board shall be responsible for framing, implementing and monitoring the risk management plan for the company
The Companies Act 2013 requires the directors of all companies to include a statement in the Board of Directors report indicating the following:
a. Development and implementation of a risk management policy
b. Identification and categorization of risks
c. Risks that may threaten the existence of the company
How can we help?
Our risk management approach not only helps your organization to ensure compliance to regulatory requirements as applicable, but also adds value to the organization as a whole by considering your business goals and incorporating your business performance matrices with the risk management strategy
Our key services
ERM design and implementation
Risk assessment
Business resilience
Risk awareness
ERM analytics and technology
Our knowledge and experience in different industries and sectors will enable us to provide you with relevant market and industry insights useful for your organization’s growth and development.