The survival of your business is to an extent dependent on your ability to identify
risks and to manage them in the most effective manner, which includes the prioritisation
of certain business critical risks to prevent or mitigate business interruption,
financial loss or reputation damage.
Companies have increasingly been under pressure to implement and adhere to principles
of good corporate governance. In this regard, the second King report requires companies
to take responsibility for the management of risk, and in particular:
"The board is responsible for the total process of risk management, as well as forming
its own opinion on the effectiveness of the process. Management is accountable to
the board for designing, implementing and monitoring the process of risk management
and integrating it into the day-to-day activities of the company." (Executive
Summary p 30).
Cluver Markotter can provide your company with a clear assessment and understanding
of the risks to which it is exposed and in addition provide assistance in formulating
an effective and integrated strategy for the management and/or transfer of such
risks, whilst complying with applicable legislation.
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