Sooner rather than later, most organisations need to mitigate risk and plan how to best protect their assets. A risk consultation is generally conducted in stages, assisted by their current systems and procedures, and separated into categories:
- Locational
These risks stem from the countries or regions where your operations take place, such as terrorist threats, natural disasters, violent crime, political instability and corruption
- Business Activity
Supply chain risks, health & safety and contract-related, for example, a contract generating reputational, criminal or protest group issues
- Management
Corporate governance, litigation, security leaks and class actions can all be key areas for company risk
- Organisational
An organisational review is a very helpful way of understanding what is important and potentially at risk, what systems you have in place and how it compares with ‘best practice’
Start thinking about your risk strategy: https://minimalrisk.co.uk/contact-us/