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APPENDIX I

A STUDY ON CORPORATE RISK MANAGEMENT PRACTICES


AMONG DIFFERENT SECTORS IN TAMIL NADU

1. Name of the organisation ___________________________

2. Paid up capital (in Crores) __________________________

3. Annual Turnover of the company (in Crores) _____________________

4. Years of existence

<10 years 11-20 years 21-30 years >30 years

5. The organization belongs to which primary industry? (Please tick)

Automotive Chemicals FMCG Manufacturing

Resources IT & Technology Construction

6. Total number of employees

<750 751-1500 1501-2250 >2250

RISK MANAGEMENT POLICY

1.1 Does your organisation have a documented risk management policy? Yes No

1.2 Who are involved in Risk Management policy framing (Pl tick whatever applicable)

Chief Executive Officer Board/Executive Management Team

Chief Finance Officer Audit Committee

Risk Manager Other (Please specify) ______________

1.3 Who approves the policy (Pl Tick whatever applicable)

Chief Executive Office Board/Executive Management Team

Chief Finance Officer Audit Committee

Risk Manager Other (Please specify)______________

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1.4 How is policy promulgated throughout the organization? (pl tick whatever
is appropriate)

Distribution of the document evidencing the policy

Placing the policy

Meetings, conferences, briefings etc

Training courses

Newsletters, Circulars etc

Annual reports

Performance agreements/Management systems

1.5 Budgeted expenses for Risk Management (Rs in Lakhs) ________________

1.6 Risk management is integrated into the following process in your


organization

Strongly Agree
Strongly
Particulars Disagree Neutral Agree
Disagree
Risk Management
and the board
Risk Management
and Strategic
business unit
Risk Management
and functional units

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ORGAINSATIONAL OBJECTIVES

2.1. What does your organization consider to be the most important objectives
of risk Management (please rank it within order of priority)
Rank

Protecting and enhancing the reputation of the organization


Ensuring regulatory compliance
Ensuring efficient capital and resource allocation
Loss avoidance
Increasing shareholder value
Reducing earnings volatility
Maximizing profitability of business units
Safety of employees and customers
Clear reporting and disclosure to investors
RISK IDENTIFICATION

3.1 Who is responsible for identifying the risk?

Chief Executive Officer Board/Executive Management Team

Chief Finance Officer Internal Auditor Risk Manager


Line Manager All staff Other (Please specify) _______

3.2 Does the organization have a risk communication strategy

YES NO

3.3 Does your organization have key indicators to routinely monitor the level
of risk

Yes No

3.4 How often is the reviewing and monitoring undertaken?

Monthly quarterly annually

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3.5 Does your organisations have a risk register/database?

Yes NO

3.6 If Yes to 3.5, does the risk register records the following (Tick which ever applicable)

Source Nature existing controls

Consequences and likelihood Initial risk rating

Vulnerability to external / internal factors

others (Please specify) __

3.7 a. Does the organisation make use of computer software for risk
management?

Yes No

b. If yes whether it is off the shelf / in-house developed product? (pl tick)
and please provide the name of the application_______________

3.8 Below is a list of issues that organisations may face as possible risks to the
business. Please answer to the best of your ability, consider the likelihood of
occurrence

Type of risk Very High High Medium Low Very Low


Credit
Financing
Market
Treasury
Regulatory
IT
Strategic
Environmental
Operational
Reputational
Political
Natural Hazard
Human Capital
Industry

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3.9. Please consider the impact of occurrence, disregarding the likelihood of
occurrence
Type of risk Very High High Medium Low Very Low
Credit
Financing
Market
Treasury
Regulatory
IT
Strategic
Environmental
Operational
Reputational
Political
Natural Hazard
Human Capital
Industry

RISK MANAGEMENT TOOLS

4.1 What tools are used by your organisation to measure credit and market
risk?

Type of Risk Sensitivity Back Testing Stress Others(pl


Analysis Testing specify)

Credit risk

Market risk

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4.2 Which of the following credit risk management (tools) are you using in
your company? (Please rank)

Credit insurance Credit agency reports and recommendations Factoring


Outsourced invoice management Debt collection Derivative

4.3 How do you manage Operating Risk? (Please rank within the order of
priority)

Self-assessment Audit Segregation of duties

Use of technology Process Manuals Code of conduct


Compliance Manual Physical control Insurance

4.4 How is foreign exchange risk managed (Pl tick that applies)

Hedging
Foreign denominated debt
Internal method
Through external agency

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EFFECTIVE RISK MANAGEMENT

5.1 How will you rate the organisations risk management practices given below?

1-not at all 2- least practiced 3-rarely practiced 4- practiced 5-highly


practiced

STATEMENT RATING
Effective organizational culture
We have defined& communicated policies, procedure, systems and
internal controls
The linkage between risk and corporate aims and objectives are clearly
defined
The level of understanding of risk and risk management across the
organisation is known
Specification of the organisations risk environment
The linkage between risk management and individual performance
appraisal are communicated
Risk appetite, risk tolerance and risk treatment measures followed by the
organization
Establishment of criteria for evaluation of risk
Identification of risk
Recording of risk
Process of risk analysis
Prioritization of risk
Development and implementation of risk strategies
Resourcing of risk management process and strategies
Development of key performance indicators to measure the success
of strategies and emerging issues
Appropriate use of risk recording
Monitoring strategies against key performance indicators
Continuous review/feedback on risk management strategies and
performance
Regular feedback to senior management
line management ownership of risk management

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5.2 How successfully risk management has improved performance or outcomes
in the following area

Statement Strongly Disagree Neutral Agree Strongly


Disagree Agree
Has Ensured more
robust corporate
planning
It helped in
Achievement of
objectives
It helped in Decision
making
Has improved the
Quality of service
delivery
It has helped in proper
Resource allocation and
utilization
Leads to Better
Information systems
Has improved
Management reporting
It has lead to better
Management of stake
holders and customers
Has improved better
Reputation management
Has improved Physical
asset management
It has helped in Project
management
Has improved the
Accountability required
Has Increased
recognition and uptake
of opportunities
THANK YOU

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