Nowadays, businesses face uncertainties from both internal and external factors, thus giving rise to both opportunity and risk. An opportunity has the potential to enhance the organisation’s value while risk can adversely affect both the financial and non-financial value of the business. So, Enterprise Risk Management (ERM) is an important tool to help maintain and promote the organisation's goals and objectives, as well as preventing any uncertainty or risk and by doing so, help to reduce the potential for loss. In addition, ERM is a significant element of good corporate governance, with a focus on transparency, efficiency, and a positive brand image. Also, it creates both short and long term value for organisations under the management of the Board of Directors, Executive Committee, management and all employees.
For more detail, Please download file Enterprise Risk Management Manual