FUNCTIONAL AREA RISK TRANSPARENCY
EACH FUNCTIONAL AREA (DISCIPLINE) ALIGNS WITH and CONTRIBUTES TO THE MISSION, STRATEGIES, and PERFORMANCE OF THE ENTITY
KEY ELEMENTS OF ENTITY MISSION and BUSINESS MODEL
Each functional area manages key risks and opportunities differently based on their unique purpose, skill sets, approaches, and corresponding views (lenses). The level of due diligence applied to key risks and process sub-categories drive value creation and value protection.
Each day key stakeholders should operate at a performance, awareness, and transparency level similar to that applied during an acquisition or divestiture due diligence initiative.
Enterprise Risk Management (ERM) enables functional area strategic objectives and risk appetites to be aligned with operations, reporting, compliance, & the control environment.
The RISK TRANSPARENCY Risk Governance (RG) Framework is a simple and effective way for any entity in any industry to aggregate their Board of Directors and Executive Leadership governance over key functional areas, key processes, risks, and risk appetite levels.
ENTITY OBJECTIVES and FUNCTIONAL AREAS