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Guaranteed pass of you study these notes. Its a very comprehensive summary of the whole module. - RSK2601 R300,00   Add to cart
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  3. University Of South Africa (Unisa)
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  5. Enterprise Risk Management (RSK2601)

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Guaranteed pass of you study these notes. Its a very comprehensive summary of the whole module. - RSK2601
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Guaranteed pass of you study these notes. Its a very comprehensive summary of the whole module. I studied them the day before the exam and obtained very good marks. I have studied with UNISA for 9 years, so I have very good understanding of how to study for the UNISA Exams.

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  • June 1, 2024
  • 44
  • 2023/2024
  • Summary

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RSK2601
S2 2023



LESSON 1




Expansion strategies can increase a business’s risk exposure

Because of the diversity of risk exposures, risk management requires a broader approach.




The benefits of effective risk and opportunity management include the following:

 Improved cost certainty
 Higher economic returns
 Sustainable shareholder value
 Increased stakeholder confidence
 Reduction of costly disputes and claims




The board’s role is to steer the corporation towards corporate governance policies that support long-
term sustainable growth in shareholder value. The board should:

Eliminate policies that promote excessive risk-taking for the sake of short-term increases in stock
price performance;

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,RSK2601
S2 2023

Establish compensation plans that align goals to long-term value creation, taking into consideration
incentive risks;

Ensure that appropriate risk management systems are in place to avoid excessive risk taking, and

Comprise primarily independent, diverse members, as such a composition is helpful in assessing a
business’s risk profile




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,RSK2601
S2 2023




What is ERM




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, RSK2601
S2 2023




BENEFITS OF ERM

Enterprise risk management provides enhanced capability to:

 Increase the likelihood of a business realising its objectives.
 Build confidence in stakeholders and the investment community.
 Comply with relevant legal and regulatory requirements.
 Align risk appetite and strategy.
 Improve organisational resilience.
 Enhance corporate governance.
 Embed the risk process throughout the organisation.

4

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