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| Home > Consulting services > New Generation Risks > NF & Operational Risks > Enterprise-wide Vision, Culture & Commitment > Demonstrate a vision, mandate & objectives |
| Demonstrate a vision, mandate & objectives |
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.Any enterprise-wide program must be evident to stakeholders both internally and externally. The commitment must be as clear to the investment community as it is to the employee and client base. Thus, it is essential to begin with top-level issues of vision, reputation, culture and definition. |
Best practice
The firm-wide vision, values and mandate will be formulated at the highest levels of the organization and communicated outward. It will be communicated at three levels. The first is the company’s own ideological vision statement. That sets the stage. The second is a statement on enterprise-wide risk management, of which operational risk will be a recognized part. The third is a specific statement on operational risk management, which will be much more specific as to the key objectives, roles, responsibility, and functional scope. Taken together, the statements will serve as clear evidence of by-in at both the board and most senior management levels of the organization. They demonstrate not only internally, but also externally, the firm’s commitment and also serve as an enhancement to shareholder value. |
How can Haselfrė help?
Haselfrė empowers the board in setting the eight path for a governed organization. We help the board set the right strategies, align their strategies in accordance with good governance practices, use the sustained balanced scorecard methodology to align their vision and help them set the right performance criteria for preventive action. |
Value proposition of Haselfrë
Haselfrë empowers the board in setting the eight path for a governed organization. We help the board set the right strategies, align their strategies in accordance with good governance practices, use the sustained balanced scorecard methodology to align their vision and help them set the right performance criteria for preventive action |
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