1.Who has an interest in the organisation and how it operates? 2.Who are the potential beneficiaries from the organisation’s activities? 3.Who might be adversely impacted by the organisation’s activities? 4.Who may constrain or influence the organisation?
Nike goals and stakeholder reportingeport_FINAL.pdf8
Enterprise Risk Management
•Enterprise risk management (ERM) is defined as the top-down, systematic, and integrated approach to managing all risks facing an organisation. •ERM is based on a philosophy that risk is best managed top-down where risks are pooled and commonly managed across all business activities, departments and silos so that the potential total impact on value can be better managed. •ERM includes the culture, capabilities, and practices that organisations integrate with strategy-setting and apply when they carry out their strategy.Enterprise Risk Management defined9
Typical features of an ERM framework•
You've reached the end of your free preview.
Want to read all 52 pages?
- Three '16
- Management, risk principles