ASTRO Overseas Limited Wins the 2014 RIMS Enterprise Risk Management Award of Distinction
Targeted News Service |
Enterprise Risk Management (ERM) continues to gain momentum in boardrooms around the world as an essential element of an organization's strategic planning process. Recognizing an organization whose forward-looking ERM program successfully aligned with the organization's strategic objectives and enhanced its resiliency and efficiencies, RIMS presented the 2014 ERM Award of Distinction to Malaysian-based
The award, presented at the
"It started as a process to address operational risks but our leadership quickly realized the value our ERM program can add to achieving strategic objectives," said
Honorable mention for this year's ERM Award of Distinction went to
"Whether it is global expansion, the use of new technologies or even outdated operational practices, ERM continues to prove to be an effective risk management approach that propels organizations, regardless of industry, to reach and exceed expectations," said
Judging criteria for the ERM Award of Distinction includes the scope of the ERM program and how it engages different levels throughout the organization; the program's link or connection to the company's overall mission; and its ability to create additional value for the organization.
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