Discover the importance of Innovative Risk Management Strategies and why Innovative ERM has become the need of the hour

1. Augmenting Organization Value
Through Innovative Risk
Management Strategies

2. 1. Introduction
2. Enterprise Risk Management in Current Business Scenario
3. Effective ERM – The Need Of The Hour
4. Join Our Journey To The Centre OF Governance
5. Thank You !
Presentation Flow

3. The big in the avant garde Business community is the word “Risk”. But
how many of us actually invest our Efforts/Resources for Effective Risk
Management ?
In a recent Webinar presented by our Chairman Bhavesh Bhagat, we
conducted a Poll, whose results are Revealing (again the big “R”) and
Intriguing.
Introduction

4. Before we discuss more into this, I would like to give some information on
the Webinar.
The Webinar, titled “Innovative Risks and Digital Business
Frameworks” witnessed over 1700 attendees worldwide, comprising of Risk
Managers, Financial Auditors, IT Auditors, etc…
The huge number of attendees signifies the interest of Risk Managers in
implementing Innovative Strategies for Risk Management.
Introduction contd…

5. Enterprise Risk Management In Current Business
Scenario
We asked the Risk Managers a very simple
question and we have the astounding Poll
results here.
 Looking at the Poll Results, we infer that
only 21% Risk Managers feel that other
Departments really understand the role of
ERM in achieving Business Goals.
 The 59% Risk Managers who feel that
there are a few Departments who realize
ERM significance, can be said to be in a
positive zone, wherein they can fill the
gap by regularly conducting awareness
Sessions/Conferences internally.
 But what about the red zone of the
doughnut ? The 20% Risk Managers who
feel completely stranded ?

6. To get a more clear picture , we
asked another question to the
attendees
 We see a whole 53%
respondents who are not
backed fully with the Senior
Leadership support
 Now, it’s high time Companies
need to resolve this.
Enterprise Risk Management In Current Business
Scenario

7. Risk Management is a Pro-active process and it delivers Optimum
Results when it is used Strategically for achieving Company’s Goals and
Objectives
Effective Risk Management strategies enable you to identify your
Business’s Strengths, Weaknesses, Opportunities and Threats.
Being prepared for unanticipated events avoids acute “Business
calamities”.
Effective ERM – The Need Of The Hour

8. Consider for instance a recent case of a renowned Automobile
company, who suffered acute loss as well as a penalty due to the sale of
defective vehicles. All this because of a Risk which the ERM team
perceived as a seemingly “low probability” event.
In situations like this, it is best to reach out to the fundamentals and a
detailed analysis of Corporate Strategies.
Risk Management has to become a Core activity for Companies rather
than just being a “Check-the-box” kind of activity.
Companies face various types of Risks, Internal and External, and they
can definitely deal with the Risks which fall under their “Circle of
Influence” in a Strategic and Innovative way.
Effective ERM – The Need Of The Hour

9. Incompetent Risk Management Strategies can result in loss of
Shareholders’ wealth as well as other undesirable consequences.
So, what are these Innovative Risk Management Strategies and how are
they executed ? Confident Governance helps Companies achieve and
maintain highest Ethical Governance and Risk Management standards
across all spectrums of Operations.
We will continue this Confident Now Innovative Risk Management Series
in our next post and discuss Innovative Risk Mangement.
Effective ERM – The Need Of The Hour

10. Also, join us at the ISACA NCAC Summit 2015 at Washington DC where
our Chairman Bhavesh Bhagat directs how to “Awaken” the hidden
Risk giant within you, through the Session “Bigger, Better, Bolder –
Re-thinking your Personal Brand”.
Visit our AppExchange listing for more details.
http://bit.ly/confidentg
http://bit.ly/SocialGRC
http://bit.ly/SecureChatter
Join Our Journey To The Centre OF Governance

11. Follow us on Twitter
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@confidentgovern , @bbhagat , @EnCrispGRC
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www.confidentgovernance.com, www.encrisp.com
Join Our Journey To The Centre OF Governanc