Monday, June 27, 2011
ERM tabletop exercises help directors validate their risk oversight role and executives identify meaningful and actionable risk management improvements.
AMX International, Incorporated (AMXi), announced an innovative approach for directors to improve risk oversight and protect stakeholder value. Boards of directors are increasingly focusing on the duty to understand and monitor the company's risk profile. The need for independent board retained expert advice is becoming critical for many boards who seek to test assumptions and help them formulate, and answer, the "right questions". AMXi tabletop exercises test and stress the organization's corporate governance, risk management and compliance policies, processes, procedures, response, and recovery capabilities. Exercises are designed to simulate realistic events that could result in material or major damage to the enterprise and its stakeholders. They will also help the board understand the design and effectiveness of the risk management system, and provide independent guidance as to where additional inquiry or oversight may be required. Tabletop exercise strategies ranging from common risk management failures, to cascading interdependencies risks, to global emerging risks, to black swans. Preparing for the exercise increases awareness of tone at the top, enterprise objectives and strategies, major risks, corporate and business unit risk appetites, key risk indicators, reports, decision making, and the organization's risk culture. Exercise participants learn first-hand about the scope, magnitude and implications of the risks facing the organization, and take away enhanced risk management, event management and recovery skills. Executives gain valuable insight into the company's risk management environment and continuous improvement opportunities.
About AMX International, Incorporated
AMX International, Incorporated (AMXi) is a management consulting firm specializing in improving business performance, resiliency and growth through innovative risk management solutions. AMXi provides directors with a clear understanding of major risks faced by their organization, and enable executives to more aggressively pursue opportunities that maximize overall performance and growth. AMXi professionals have successfully served Global 25 to Fortune 1000 corporations across 15 industries, and have the knowledge and experience required to work with global cross functional teams and to collaborate with people at all levels of the enterprise. For more information on AMXi and our innovative risk management solutions, please visit:
http://www.amxi.com ###
For more information please contact Glen Boyls at 703-864-7046 or
glen.boyls@amxi.com.