Technological advancements, the digital revolution and the rise of cyber dependency have changed the business landscape, so organizations need to either keep up or fold out.
The rise of terrorism threat, the failure of the rule of law, corruption and political deadlock creating an environment of uncertainty which instigated the migration (both voluntary or involuntary) of human resources causing a chain reaction of competition for natural resources and the development of new communities and governmental burden to provide for them.
Recognizing and managing risk is a crucial part of the role of the board of directors and management, a failure to recognize or manage risk can adversely impact not only the organization and its investors or owners but also other stakeholders, including employees, customers, suppliers, creditors, consumers, and the broader community in which the organization operates.
Not only do good risk management practices help protect established value, they can assist in identifying and capitalizing on opportunities to create value.
We develop and manage effective risk management functions.