Organizational risk management

Risk management is the most important element of the corporate governance system of any company. Increasing the effectiveness of risk management allows you to speed up the decision-making process.

In conditions of economic instability, shareholders and company management should focus their efforts on the following tasks:

Reducing the volatility of income and improving the quality of business planning.
Developing an optimal insurance program and a more consistent risk-taking process within the framework of operational activities.
Optimizing corporate governance and the internal control system.
Achieving a more rational ratio of own and borrowed funds.
Reducing the cost of capital.
Capital allocation and determining priority investments.
Reducing losses.

To address these challenges, we offer a range of practical methods, tailored to the individual needs of the client’s business. These include:
  • A comprehensive risk assessment conducted by industry-specific experts to identify business vulnerabilities (at the corporate and operational levels).
  • Development of a comprehensive methodology package, including a risk management policy, risk identification, assessment, control, monitoring guidelines, and detailed risk management procedures.
  • Preparation and implementation of a detailed action plan to mitigate the most significant identified risks, risk response plan assessment, cost/benefit analysis, alternative risk control mechanisms, and improved control procedures.
  • Development of comprehensive risk management solutions: corporate loss prevention system, hedging strategy, supply chain risk management, development of insurance programs taking into account the company’s risk portfolio, business continuity and disaster recovery planning, risk-based equipment maintenance and repair program.
  • Creation of cost reduction programs to optimize the risk management process and internal control (including optimization of insurance programs, equipment maintenance and repair, analysis of counterparties’ financial stability, assessment and comparative analysis of the work of risk management and internal control units).