Enterprise Risk Management should not be looked at as a compliance tool. In fact, ERM is more of a value-added discipline and culture shift which should be considered as an organisational asset. Elevating the Board of Directors to embrace ERM will ensure that the decision-making process will be well-informed and based on the right level of data and information.
As a business owner or director, you may not always be aware of the real extent of your organisation’s exposure to risk. Many a time, this is also because you may not be fully aware or attuned to what risks your organisation is in reality facing. At RSM Malta, we can advise and support you in establishing the right framework and underlying governance structure, including risk appetite and tolerance levels, providing ERM solutions that are tailored to your business needs.