Corporate risk management is a fundamental pillar for the health and resilience of an organisation. Dealing with uncertainties and potential threats requires a systematic and integrated approach that permeates the entire corporate structure.
Risk identification and assessment are crucial initial processes. The company must be able to recognise and understand the variables that could negatively influence the achievement of their goals. This involves a thorough assessment of internal and external challenges, which might arise from financial, operational, reputational or strategic factors.
Once identified, risks must be managed proactively. This involves the definition of mitigation strategies and countermeasures that reduce the probability of occurrence of damaging events or minimise their impact. This approach is not only about protecting against unforeseen events, but also about creating opportunities. Some risks, when well-managed, can turn into opportunities for growth and innovation.