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RISK MANAGEMENT in the CORPORATE WORLD

 

The Corporate world faces business complexities such as changes in legislation, political attitudes, shareholder demands, complex customer/clientele demands, economic crisis etc. With all these pressures comes the ‘Pitfalls’ and ‘Risks’.

 

To manage these ever-increasing pressures and accompanying multifaceted risks, companies need to pay particular attention and scrutiny on 'Risk Management Systems’ by focusing on collateral procedures to limit liabilities and moreover damages which could have serious economic and legal ramifications.

 

Corporate risks can be categorised into three broad spectrums -

 

- Enterprise Risks

- Operational Risks

- Legal Risks

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The Corporate sector therefore is forced to implement proactive approaches to achieve ‘damage limitation’.

 

This program is geared to provide ‘Know-How’ and 'Effective Understanding' of the concept of ‘Risk Management’.

 

Program Contents

 

- Better understanding of Risk Management - root causes

- Types of Risks - Risks becoming ‘real’ : limitation of damages on Enterprise, Operational and Legal Risks

- Common ‘Pitfalls’ on Corporate Risks

- Averting & Minimising Risks

- Employing ‘Risk Triggers’.

 

Legal Risks

 

- Minimising the risk of litigation: being aware of contractual ‘clauses’ and ‘terms’

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- Common Contract terms that can avert Risks

 

Legal Risks can occur when the organisation face litigation due to non-compliance, lawsuits from customers/clientele, litigation with suppliers, out dated legal documentation, erroneous contracts/clauses/terms and legal documents etc (non-exhaustive list)

 

Enterprise Risks

 

Enterprise Risks can occur when companies are facing changes due to new regulations and laws governing businesses, mergers and acquisitions, new business structures or new launches.

 

Operational risks

 

Risks due to internal system failures such as personnel management, complaints, litigation, cash flow mismanagement, data protection, etc

 

Program Content

 

- Identifying common ‘PITFALLS’

- Terms of Engagement

- Averting & Minimising risks

- Undertaking Risk assessments

- Responses and remedies – legal/ non-legal

- Complaints Procedure Protocols

- Placing ‘Risk Triggers’

- Diffusion of responsibility - third party accountability