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Why companies need a robust enterprise risk management plan
Police officers leave Silicon Valley Bank’s headquarters in Santa Clara, California on March 10, 2023. US authorities swooped in and seized the assets of SVB after a run on deposits made it no longer tenable for the medium-sized bank to stay afloat on its own. PHOTO | NOAH BERGER | AFP
Organisations face numerous risks that could potentially jeopardise their operations, reputations, and financial performance, and must be prepared to face them in order to achieve their goals and maintain long-term success.
Risks can arise from a variety of sources, including operational issues, fraud, cyber-attacks, regulatory non-compliance, governance failures or natural disasters.
