Enterprise risk Management (ERM)

To discharge these duties, Directors and Senior Management need to understand the organisation’s compliance obligations, its enterprise risks, and the impacts of those risks, on the organisation’s ability to achieve its strategic objectives. 

Senior management have responsibility to establish and maintain an enterprise risk management [ERM] framework aligned with the International/Australian Risk Management Standard, ISO/AS 31000:2018, and maintain effective risk management systems, inclusive of adequate risk mitigations.