What performance measures would you recommend that use so that they can monitor progress and performance?

Chapters 26 through 29 presented four mini-case studies on ERM and risk. Each one presented a slightly different risk scenario. Starting with chapter 29, assume that you have been asked to advise the Akawini management team on how they should promote and monitor the transformation of risk management in their business. What performance measures would you recommend that use so that they can monitor progress and performance? Choose one other of the chapters from this week and recommend ERM measures that organization should implement as well to monitor risks outlined in that chapter.

To complete this assignment, you must do the following:

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A) Create a new thread. As indicated above, assume that you have been asked to advise the Akawini (chapter 29) management team on how they should promote and monitor the transformation of risk management in their business. What performance measures would you recommend that use so that they can monitor progress and performance? Choose one other of the chapters from this week and recommend ERM measures that organization should implement as well to monitor risks outlined in that chapter.

ANSWER ALL OF THE QUESTIONS ABOVE IN YOUR THREAD

NOTE: These discussions should be informal discussions, NOT research papers. If you MUST directly quote a resource, then cite it properly. However, I would much rather simply read your words.

Chapter 23 :  Read : Control Complacency .Rogue Trading at Societe Generale by Steve Lindo  Pages 461-488

Then complete the following

Page 475 : Exercise

Page 487 : Answer the following questions in 200 words each

Questions :# 3  -200 words

Question #7-200 words

Question # 9-200 words

Question#12-200 words

Question #14-200 words 

Sample Solution

Answering the first part of the assignment:

Advising the Akawini management team on how to promote and monitor the transformation of risk management in their business, I would recommend the following performance measures:

1. Establish Key Risk Indicators (KRIs): Identify and define KRIs for each significant risk that the organization faces. This will help the management team to monitor and measure the impact of risks on the organization’s objectives.
2. Conduct regular Risk Assessments: Regularly conduct comprehensive risk assessments to identify new risks, assess their potential impact on the organization, and develop appropriate risk mitigation strategies.
3. Develop Risk Appetite Statement: Develop and communicate a risk appetite statement that defines the organization’s risk tolerance levels and aligns with its strategic objectives.…order customized answer

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