ENTERPRISE RISK MANAGEMENT for
IMPROVED VISIBILTY to RISKS and REWARDS
ENTERPRISE RISK TRANSPARENCY
Awake | Aware | Assess | Act | Agile | Assure
We are passionate about enabling entities of all types to build more transparent strategic and operational enterprise-wide risk management capabilities for value creation and value protection.
Clear internal lines of sight to internal and external risks and rewards enables more control over targeted outcomes and improved decision making capabilities.
Transparency of risks is for the common good of the entity and key stakeholders.
Key opportunities contain risks that once identified, managed, and controlled, increase the likelihood of rewards and success.
Capabilities and competencies to manage and measure the risk and reward quotient reduce the likelihood and severity of failures and increases the frequency and impact of successes.
In recent years, entities began to implement elements of Enterprise Risk Management (ERM) and hire Chief Risk Officers (CROs) for improved entity-wide risk identification and management. Many of these early ERM efforts (i.e., such as the banking industry) have been driven by bottom-up regulatory and compliance requirements.
RISK TRANSPARENCY focuses on top-down organizational governance, assessment, and analysis of risks around key components of the strategic plan and the necessary alignment with operational capabilities (i.e., functional areas). We enable clients to better understand (i.e., awake and aware) and coordinate the interdependent elements of mission, strategy, and culture across functional areas and key stakeholders to internally achieve strategic objectives and externally build customer and other key stakeholder relationships.
Transparent enterprise-wide risk and reward centered cultures and processes contribute to building organizational level quality for near and long-term organizational success and resilience. RISK TRANSPARENCY Indices™ and Transparency Analytics™ are based on quality and risk standards and metrics for each different entity type, industry, and functional area.
Risks are both pervasive and foundational to most decisions and judgement. Awareness and understanding (i.e., transparency) of key risks relative to the entity strategies and operations enables consideration and management for value creation and protection. Inadequate risk transparency can result in immediate value destruction. High enterprise valuations, accelerating technology disruptions, global macroeconomics, and societal changes are key drivers of the risk transparency imperative.
Near and long-term value creation and protection can be realized with innovative data analytics focused risk assessment, awareness, and management methodologies aligned with the entity mission, vision, values, and strategies. This enables entities and functional areas of all sizes (public or private) to see, hear, analyze, and act upon key considerations.
Our goal is to increase entity-wide (i.e., Board room and C-Suite to functional areas and key stakeholders) understanding and confidence in key risk and reward capabilities via awareness, two-way open communication, management, accountability, and continual improvement.