RISK TRACKING & REPORTING SERVICE

This is a low-cost high-value service for businesses wishing to reduce and simplify the management load in key risk management processes.

What we do is to use your information, assessments and objectives to provide clear up-to-date visibility of how risks are being managed and how problems with risk controls are being solved.

The service includes summary reports suited to advising the Board or Board Committee on these matters.

We can further provide you with support for the regular review of your material risks and of the effectiveness of your risk management system.

The support we provide covers expertise and other resource gaps you may have, and includes planning, methodologies and documentation as well as active assistance at each stage of your review.

The options include support for:

• Identifying and assessing material risks
• Reviewing the effectiveness of risk controls and indicators
• Setting risk appetite and tolerances
• Formulating risk management strategy and the risk management plan

Additionally, we can provide the drafting and maintenance support for creating relevant and to-the-point policies and other governance-related documents, such as:

• Policies to give effect to the risk management strategy
• Procedures and protocols on risk controls and reporting
• Committee Charters
• Role purpose statements in relation to risk management and compliance responsibilities