Establishing an Effective Enterprise Risk Management Process by MDIS

The implementation of a formal enterprise risk management (ERM) process is not only meant to comply with corporate governance requirements. Organisations that make use of risk management as an important tool for strategic decision-making are equipping themselves with the knowledge to make efficient and well-informed business decisions—anticipating and mitigating risk, seizing opportunities, allocating limited resources more effectively and enabling better overall business performance.

This intensive 1-day programme would provide participants with detailed guidance on establishing a formal ERM process, as well as useful references on ERM frameworks and sample templates, to help participants take immediate action to strengthen the existing risk management process of their organisations.

Upon completion of this workshop, participants will be able to;

• Understand about corporate governance and risk management compliance
• Gain access to practical suggestions on risk management compliance
• Learn about the different risk management maturity levels
• Understand and define risk strategy, risk culture and risk appetite for your organisation
• Learn about different risk management frameworks
• Build a formal risk management process
• Identify common risk factors
• Conduct risk assessment
• Formulate effective risk responses and risk reporting mechanism
• Develop practical risk management documentation (e.g. risk management policy, risk management framework, risk register, etc.) with provided templates