Designing, Implementing and Running an ERM Framework
This major international energy investor, with assets on almost all continents, designs, implements and runs a comprehensive Enterprise Risk Management (ERM) framework and system - including roles and responsibilities for its Board of Directors, CEO, senior management, middle management, and risk-management committee. Its key risks are quickly identified and managed, including risks as diverse as competency, investment process, contractual, political, competitiveness, partnerships, foreign subsidiary and financial risks. This case study was published in a book on ERM by the Financial Times in 2000 (refer to this web site’s News section, December 29, 2000).
