How often does the company refresh its assessment of the top risks?

Governance

Mansoor Mustafa Senior PM| Government Department Rawalpindi Punjab, Pakistan

The enterprise wide risk assessment process should be responsive to change in the business environment. A robust process for identifying and prioritizing the critical enterprise risks, including emerging risks, is vital to an evergreen view of the top risks

Posted: Nov 25, 2017 3:20 AM

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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada

Mansoor -

The frequency I've observed at the two companies I worked with which had an enterprise risk management function was a monthly consolidation of key risks across lines of business and a review by the ERM committee.

That information would then be distilled quarterly and shared with the Board.

Kiron

Posted: Nov 25, 2017 11:49 AM

Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada

Don't forget that even with a risk management governance in place, the risks are still owned by functional areas. Risk owners are ultimately responsable for staying on top of their risks.

Posted: Nov 25, 2017 3:53 PM

Kevin Coleman Subject Matter Expert, Author, Speaker and Strategic Advisor| - Insights Pa, United States

Most organizations refresh ONLY when told to by auditors or when something happens

Posted: Nov 25, 2017 8:12 PM

Mansoor Mustafa Senior PM| Government Department Rawalpindi Punjab, Pakistan

Thanks to all for valuable inputs

Posted: Nov 26, 2017 5:25 AM

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How often does the company refresh its assessment of the top risks?

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