It is important for BPUB to develop and institutionalize a comprehensive Enterprise Risk Management (ERM) framework that identifies, monitors, and mitigates strategic, operational, financial, regulatory, and reputational risks.
Without a dedicated ERM function, BPUB lacks consistent visibility into risks that could impact its operation, reputation, and financial health, exposing the organization to blind spots and reactive decision-making.
BPUB will integrate risk management into business planning and operational decision-making.
BPUB will develop a comprehensive Enterprise Risk Register that identifies, classifies, and prioritizes strategic, operational, regulatory, financial, and reputational risks across all business units.
BPUB will establish a dedicated risk function with clear oversight and reporting responsibilities that foster a culture where risk awareness and accountability are shared across the organization.
BPUB will develop and implement a formal, well-documented, and sustainable governance framework that aligns with BPUB’s charter, clarifies decision rights, improves accountability, and ensures transparency across the organization.
