Risk
Overview
Organisational growth in a highly complex
environment means that risk cannot be
eliminated, but it can be managed. Risk
is a combination of external and internal
events that constantly change and evolve.
Businesses readily appreciate that risk
considerations have extended beyond finance
and insurance to embrace strategic, operational,
reputational, regulatory and information
issues and that organisational effectiveness
requires an improved understanding of
the risks material to them. With increasing
globalisation, companies must take an
ever-widening view of the external risks
that challenge them.
Recent examples illustrate that not
managing both internal and external
risks can result in negative publicity
which can affect shareholder value.
Turnbull and Sarbanes-Oxley (S-O) legislation
has further highlighted the need for
strong management of risk and controls.
Many Boards are now considering how
risk management can be used not just
to ensure compliance, but to deliver
greater value across the business.
There is a growing sense that risk
management is essential to good governance.
There is also a growing recognition
that organisations must now embrace
a diverse risk portfolio which is increasingly
shifting towards intangible assets
such as brand, reputation and knowledge.
Many companies are also recognising
their need to take a more active role
in managing their impact on their environment
and the responsibility they have towards
their employees, the communities in
which they operate and the wider environment.
In addition, due to global sourcing
or other joint arrangements with strategic
partners becoming more complex and
varied, gaining assurance over the
transactions generated is becoming
an essential management requirement.
With the increased amount of M&A
activity and level of litigation for
infringement of intellectual property
rights, this has increased the need
for more active management of this
vital business asset.
KPMG’s Risk services extends
beyond crisis management and regulatory
compliance, to provide a tangible and
structured approach for addressing
both organisational as well as financial
risk. We provide services in:
- Internal audit services
- Enterprise risk management
- Intellectual property and
contract services
- Sustainability advisory services.
With wide
experience gained from working across
several industries, KPMG has assisted
large multinational businesses and public
sector organisations to respond to opportunity
and change more effectively.
For
further information about our services,
or if you would like one of our professionals
to contact you, please . |
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