Risk governance has three components:
- Roles and Responsibilities
SimErgy will help you define the appropriate ERM roles and responsibilities for the following individuals and groups:
- Corporate ERM
- ERM committee
- Risk experts
- Business segments
- Board of directors
- Internal audit
- Organizational Structure
Organizational structure addresses reporting relationships and authorities. SimErgy will help you determine the most appropriate reporting relationships and authorities for your current organizational structure and ERM program.
- Policy and Procedure Documents
The policy and procedure documents instruct the key elements of the ERM process. SimErgy will help you develop the policy and procedure documents that will serve as internal documentation, training, and guidance for key ERM program activities.