The business world is full of risks.
There is a growing need to keep track of these risks, to control and monitor them. This is not just a legal obligation, there is a heightened concern and focus on risk management. In recent years we have seen shocking examples of high-profile business scandals and failures where investors, other stakeholders and staff suffered enormous losses. This has since then resulted in various legislative initiatives such as the Sarbanes-Oxley act.
Risks and threats to the continuity of the business are becoming bigger and more diverse. Just think of the impact that a disruption of your IT systems can have, and what would happen if those systems are hacked. There are many domains such as taxes, finance, IT, personnel and insurance to control.
The need for Enterprise Risk Management standards and systems is ever growing and is no longer confined to fortune 500 companies. It is the business of every Management Executive to make sure that the risks their organizations endure are within acceptable limits. And the first step in that process is to identify the risks and to create controls to check and monitor them.
To help you in that challenge, in cooperation with a number of Knowledge Partners we have created ControlPlanner , an online system that allows you to quickly become and stay in control.