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Solutions by needs
Corporate Governance
Risk Management
Over the past few years, Enterprise Risk Management (ERM) has become an increasingly important issue for all companies. For boards of directors and senior management, Risk Management is more than just identifying clear and obvious risks, it is a key factor in optimizing and creating value. It also provides an overview of the company’s exposure to risks, and the extent to which it is prepared to tolerate them in the pursuit of its corporate goals.
DECIMAL’s Risk Management methodology for creating company value is based largely on the COSO ERM framework (Committee of Sponsoring Organizations of the Treadway Commission). Strengthened by such standards as the Basel II Accord and the guidelines on integrated Risk Management from the Autorité des marchés financiers (the “AMF”), DECIMAL’s methodology is meticulous, yet flexible enough to adapt to all aspects of the client rganization’s reality: environment, maturity level, etc.
The DECIMAL Risk Management approach: straightforward, strategic, intelligent and flexible.
- creating a profile showing the structure of current risks for your organization, operating division, sector of activity or process;
- helping you decide which risks are acceptable and which are not;
- finding out how your risk profile affects the achievement of your corporate goals: which risks may jeopardize them, and which goals may be jeopardized by the risks you are exposed to;
- linking Risk Management to other business practices (strategic, operational and financial planning) as well as other governance functions (internal audit, compliance, security);
- formalizing existing Risk Management practices by providing a framework and structure for them;
- assessing your company’s maturity level with respect to Rsk Management;
- developing a common vision of company-wide risk that is both horizontal and vertical;
- identifying and clarifying differences in how risk is perceived within your organization;
- effectively communicating risk-related information to all parties concerned;
- implementing a Risk Management program and policies;
- identifying your key risk drivers;
- identifying and assessing risks and compensating procedures, as well as the general control environment;
- identifying non-essential or redundant control procedures;
- giving advice and providing structure for risk governance;
- giving workshops in risk and control self-assessment (RCSA);
- offering customized, effective accountability tools (scorecards, analyses and visual tools);
- linking Risk Management to key performance indicators;
- providing guidance as you develop and use key risk indicators;
- helping managers create risk-reduction action plans;
- developing tools to track action plan progress;
- linking your Risk Management projects;
- developing standardized risk profile models before undertaking organizational change (acquisitions, restructuring, etc.);
- helping you develop risk tolerance thresholds that fit the objectives, mission and values of your organization and that take into account other factors, in addition to financial thresholds; - developing customized training programs.
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