ERM Group

Enterprise risk management is one of the obvious and necessary requirements of every company to achieve sustainability in growth and development.Unlike internal audit, which generally seeks to ensure the accuracy and adequacy of internal controls and business executive processes at the end of the course, corporate risk management with a preventive and comprehensive view, seeks to proactively manage various types of internal and external threats and opportunities. The studies and actions taken by businesses are mostly focused on project risk management or operational and exploitation activities (in the form of HSE) and not all business risks, which include strategic and commercial, financial and credit, legal and compliance, technology, IT, and operational risks. Unexpected to say that in the past years, the biggest losses in shareholder value were related to strategic and business risks and not just operational ones.