Enterprise Risk Management (ERM)
Why ERM
As a Group, we always stay true to our Vision of Creating Value and Shaping a Sustainable Future. At our core, we have an Enterprising spirit, which means taking risk to create value.
What ERM means to UOL
We see ERM having two sides of the coin. While there are risks, there are also opportunities. Our philosophy of ERM is not to eliminate risk entirely, but to get them under control. That is why at the heart of ERM, we use our ERM Framework to increase the confidence in the Group’s strategies, businesses and operations, through systematic assurances that key risks are holistically addressed.
How - UOL ERM Framework
Who - ERM as a People Business
The Board, and Audit, Risk Management and Sustainability Committee play an integral role in setting the tone, and giving their views and guidance in our overall Strategies and Key Risks. Management, Risk and Control Owners with clear accountability, strong domain knowledge and experience, and the correct risk mindset, work closely together to grow our business sustainably.
ERM is a journey. Going forward in a fast-changing world, our ERM Framework and Risk Culture provide us with the confidence to face the challenges ahead and seize the right opportunities.