Essay on efficient implementation of integrated risk management system (IRM)

摘要

The enterprise performance, in both short and long term, is highly determined by the nature of the applied corporate governance. The integrated risk management is a recent mode of business administration that takes into consideration the combined effects of all the risks on company's value (function to optimize). The risk map (one of the IRM pillar) varies based on: company's activity, size, officer's background...etc, which complicates the implementation of an efficient integrated risk management system. Because of this issue, the present document tries to present an integrally adequate solution covering distinct dimensions. The achieved results constitute a set of guidelines toward a road map to an efficient implementation at the all corporate levels. Although the design of these key directives, IRM can not be a cure to all the firm's dysfunctions.