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Vision and mission statements articulate the long-term direction and fundamental purpose of an organization, shaping its corporate strategy. With a clear understanding of the strategy, the organization derives specific goals to drive progress and achieve its overarching vision and mission

Departmental Goals

Risk Assessment

Corporate goals provide a framework for setting departmental objectives, ensuring alignment across the organization. By breaking down corporate goals into departmental targets, teams can focus on specific areas crucial for overall success. Consequently, understanding departmental risks becomes imperative, facilitating the identification and mitigation of obstacles that may impede goal achievement

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    Departmental

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    Goals

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    Depatiental

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    Risk

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    Assessments

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Risk Mitigative Controls

Rules and Regulatiions

Policies, Procedures, Guidelines

Induxtry Best practices

Security Standards

Upon identifying risks, organizations establish risk mitigative controls in conjunction with policies, procedures, and best practices. This comprehensive control framework aims to minimize risks, optimize resources, and ultimately propel the organization toward achieving its goals effectively and efficiently.



Process Owners

EPM (Enterprice Risk Management)

Internel/ Externel

Risk/ Commitices

Board



Department managers and process owners are entrusted with ensuring the implementation of defined controls. The Enterprise Risk Management (ERM) team, along with independent Internal Audit, conducts reviews to assess control adequacy and adherence levels. findings presented to the Risk and Audit committees, strategic decisions regarding enhancement and refinement are deliberated. These decisions, reflective of the organization's commitment to continual improvement, are then elevated to the Board level for final consideration and action







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