Enterprise Risk Management (ERM)

 

Global risks are not confined to national borders; they cannot be managed through the actions of a single sector. The governance of global, systemic risks requires an integrative approach involving governments, intergovernmental organizations, industry, academia and civil society.Risk accompanies change. It is a permanent and important part of life and the willingness and capacity to take and accept risk is crucial for achieving economic development and introducing new technologies.

 

Many risks, and in particular those arising from emerging technologies, are accompanied by potential benefits and opportunities. The challenge of better risk governance lies here: to enable societies to benefit from change while minimizing the negative consequences of the associated risks.The International Risk Governance Council (IRGC) is an independent organisation whose purpose is to help the understanding and management of emerging global risks that have impacts on human health and safety, the environment, the economy and society at large. IRGC’s work includes developing concepts of risk governance, anticipating major risk issues and providing risk governance policy recommendations for key decision makers. IRGC believes that improvements in risk governance are essential if optimal risk-related decisions are to be made and to maximise trust in the processes and structures by which they are made.

 

The Windsor Consulting Group's governance, regulatory and risk (GR&R) services help our clients tackle the broad issues of corporate governance, enterprise risk management, and effective corporate compliance, while offering specialized assistance in key areas of occupational and environmental health and safety which impact their business in terms of financial reporting, tax, information technology, human capital, anti-fraud and dispute consulting, and financial advisory services. We can help organizations identify, remediate, monitor, exploit and manage enterprise risks in addition to coordinating the utilization of people, process and technology to improve GR&R effectiveness and help manage costs.

 

Out staff of Certified Industrial Hygienists and Certified Safety Professionals examine the breath and scope occupational and environmental health and safety by creating a comprehensive risk register and qualifying or quantifying each risk for each job description within the organization. Past performance has demonstrated a significant return on investment in the creation of the strategic management plan. This information help leadership identify the most pressing gaps within their business units and determine the best allocation of resources and human talent.  The process is repeated for each regional, national, or international operation to provide consistency in reporting. Over the years we have saved companies from future expenditures by focusing on the business itself including downstream stakeholders, which provide manpower and other support functions.