In providing a superior service we have studied and simulated leading guidance in governance and enterprise risk management, namely ISO31000, COSO ERMF and King IV (Corporate Governance). These standards and guidelines inform the basis of our approach and methodology. In 2016 we saw the revision of three of these guides of which one is available and ready for implementation namely the King IV report on Corporate Governance.
The King report provides the foundation on which our governance methodology is based. In our consulting assignments, the provisions of applicable legislation and other available leading practices are contrasted with the King Code and ERM guidelines to establish the desired level of corporate governance and/or risk management maturity. The strategy, objectives and initiatives as contained in the strategic plan of the organisation are the foundation upon which we base our work.
Ndalo Risk Management ERM Process
Our process starts with determining what the desired level of maturity of the organisation is and we compare that to the current.
In doing the maturity assessment we review the governance documents or assist in the development of the same.
The risk management documents need to be aligned to the organisation performance (determined strategy and operational plans).
Risks affecting the organisation at various levels should be identified and critical ones prioritized.
Assurance is the last step in the process that ensures that risks are adequately mitigated to ensure the creation, preservation and realising of value for all stakeholders.