Risk Management as executive duty and base of internal controls (ICS)

The framework conditions under which the company actions ­ take place, have within the last few years itself with regard to the political, economical, technological, social and environmental ­ developments changed considerably and represent thus also a greater challenge - a greater risk. The change does not take place only faster but loses stability and continuity also increasingly.

These fluctuations can bring enterprises from the balance since risks cannot be understood as static but be subject to a permanent change under influence of internal and external factors.

To counteract this, a distinctive awareness for risks - an awareness of risk with the management and the employees - is necessary, which results himself to take under ­ at all levels of the organizational structure.

Risk Management and right dealing with entrepreneurial risks mustn't depend on single executives

The awareness of risk and-feel away of people is by birth differently. To be conscious of the risks for himself or to have been confronted with a risk and its negative consequences once actually influence future dealing with risks in the context of an executive duty quite fundamentally.

Risks should therefore always team-orientedly be identified and judged. In this the methodology and systematics plays a decisive role in the risk judgement.

Enterprise Risk Management overall, team-oriented and systematic

When in the context of the management processes a systematic and team-oriented risk management gnaws not or to little clearly, the management or the administrative board lacks an essential management tool. Who does not systematically identify and judge risks, run the risk of defining control and monitoring points or measures not at all or wrongly.

Targets of the Risk Managements

It is aim of a risk management that enterprises have a good look at dangers comprehensively. Elementary risks like a major part fire, flood, staff risks like loss of critical employees, changes of the market or financial situation but also failures of core process and carrying out ­ risks in the business processes represent such risks.

Risk Management as an executive duty also means control - Risk judgement and internal control ­ system should be coordinated with each other (article 663b, number 12 OR, article 728a and 728b OR)

An adequate internal control is an indispensable ahead ­ deflection for an order-like enterprise ­ leadership, control and reporting. The administrative board or the audit Committee and the management are responsible for the effectiveness of internal control. Risk judgement or Risk Management is an important element of the arranging of an internal control.

The permanent customization of the internal control system (ICS) is a process, the enterprise ­ leadership with regard to the legal innovations (article 663b, number 12 OR, article 728a and 728b OR) must give attention to. Numerous companies are engaged to prove the existence of an effective ICS in future. The ICS is newly examination stood of the revision.

Risk judgement or Risk Management as a leadership ­ task is interwoven narrowly with the ICS

Risk judgement or Risk Management as a leadership ­ task in the broader sense is interwoven narrowly with the ICS. Both functions should be correct on each other that they yield a early warning and control system as reliable in the sum.

Execution of a risk judgement according to article 663b OR

Opened with the execution of a risk judgement or the construction and business of a Risk management as well as the regular check of the internal control system, it opens the chance for companies, two essential management instruments for the management to check with regard to her effectiveness systematically.

OptiRisk® Security and Risk Management Templates - Tools

Learn more about the OptiRisk® Security and risk management solution templates. Study our methodical templates and content which can simply and efficiently be adapted on your needs.

JavaScript is disabled! To display this content, you need a JavaScript capable browser. Adobe Flash Player not installed or older than 9.0.115!

OptiRisk® Security and Risk Management Templates Learn in this video which unusual features and advantages bring about the OptiRisk® templates and how you can optimize documentations, management systems or projects with OptiRisk® simply. Clicking for the extension of the film on the red rectangle in the player. You see the film edition quality in high-density by selecting ."high-density is on" .during the film ist shown.

The advantages of the OptiRisk^® Security and Risk Management Templates at a glance

Security and risk management templates basing Microsoft Office

All special documents in Word, Excel, Power point, Access and Visio simply worked out by you, are already assimilable.

• No education in programming or applications required, Microsoft Office knowledge sufficing.
• No additional software licences necessary.
• No dependence of this software service provider.
• An in-house permission procedure for the installation of a new software which can be problematic is dropped.
• All OptiRisk® modules simply have to be integrated into your intranet.

Simply scale and applicable security and risk management documents, flow charts, check lists, menus etc..

• All OptiRisk® modules are very simply scalable on your needs (line of business and company size.)
• You arrange the modules for your project so that the corresponding target groups can understand without problems and integrate into the processes these.

• All OptiRisk® modules are without problems, applicable meet the international requirements (‚state of the art‘) and are approved in the practice for years, ('Good Practice' approach).

Modules integrated special documents like flow charts, check lists, policies etc., with and without content.

• You get the OptiRisk® modules with or without technical contents (content). Through this there is the possibility of integrating your special documents already consisting in the system and integrating special documents from our presentations where urgently.
• You define the size of the technical contents in a performance agreement together with an experienced adviser of the RM Risk Management AG.