HR’s Role in Enterprise Risk Management

Implementing Enterprise Risk Management (ERM) entails a broad approach with the aim to enhance overall corporate governance effectiveness and efficiency. Effectiveness in term of minimizing surprises while pursuing the organisation’s objectives. ERM also ensures efficiency in terms of deployment of company’s resources (both human resource and financial resources) towards treating issues that matter the most to the organisation.

A systematic ERM Framework will help companies clarify their contexts; identify, analyse, evaluate the risks and implement effective counter-measures. It is also very important to communicate and monitor the risks before they become surprises that may result in significant   financial losses or irreparable reputational damage.

It is therefore crucial for HR practitioners to have a good understanding of Enterprise Risk Management and their roles related to ERM so as to effectively support Management in pursuit of the organisation’s objectives.

• What personality trait is suitable for Enterprise Risk Management ?
• How to put together a team to support Enterprise Risk Management implementation ?

• Regulatory Authorities’ Requirements
• Mitigate Global / Corporate Disasters
• Enhance Governance Practices and Improving productivity
• Industry Initiatives / Stakeholders Requirements

• Risk Management structure
• How is Risk Management associated with Objectives ?
• ERM Scheme – Integrated Approach
• HR involvement in ERM Policies

• What is Risk-Based Approach ?
• How to apply Risk Based Approach ?

• What is ISO 31000 Guideline for Risk Management ?
• How to align implementation of Enterprise Risk Management to ISO31000 ?
• What is Risk Maturity of your organisation ?
• How to perform Risk Assessment ? (Identify, Analyse and Evaluate Risk)
• How to implement Risk Treatment ?
• How to facilitate Risk Monitoring and Review ?
• Case-studies

During the Workshop, participants have opportunity to raise issues and problems relating to your experience and practices related to Enterprise Risk Management.

With 18 years of specialised experience in Enterprise Risk Management(ERM), Lee Chuen Fei has worked at ST Engineering and various Business Units in different capacities, for 36 years. He was awarded the Standard Partners Merit Award by SPRING Singapore in 2013 for representing Sin-gapore Working Group in the ISO31000 International Standard.