Brazilian Institute of Corporate Governance
Sinopse: This work aims to bring reflections and guidance to senior management, and, above all, directors interested in implementing or improving the corporate risk management model (GRCorp) of the organizations in which they work. The document is intended to serve organizations at different stages of GRCorp maturity.
If the focus of the first IBGC handbook on risk management was on the risk treatment methodology, this publication highlights GRCorp governance and strategy, that is, the organizational structure through which risk management is designed and operationalized. The purpose of the text, therefore, is not to be exhaustive in relation to risk management techniques.
Many manuals addressing this topic can be found on the market, and some are cited in the bibliographic references at the end of this material. We decided to present herein only essential concepts so that senior management and directors can understand the importance of their role in the implementation and coordination, supervision, and inspection of a solid and consistent risk management structure.
Risk management is becoming more important in the daily routine of companies, not only as a way of reacting to corporate failures that could have been avoided by proper management, but because of its strategic importance. The information collected by GRCorp is an integral part of the business decision-making process, the protection of assets, and the value creation process, which highlights the importance of adequate governance of this structure.
