ERM Program definition

ERM Program means the Corporation's Enterprise Risk Management Program that incorporates an effective risk management framework to identify, evaluate, manage, monitor and communicate key corporate risks;

ERM Program means the Corporation's Enterprise Risk Management Program that incorporates an effective risk management framework and applies a logical and systematic methodology to identify, evaluate, treat, monitor and communicate key corporate risks;

Examples of ERM Program in a sentence

• The Committee shall review and discuss with Management, the Internal Auditor and others as it deems appropriate Management's report regarding identifying, assessing, managing and mitigating significant risks and related matters identified pursuant to the ERM Program.

• The Committee shall be responsible for the oversight of and reporting to the Board in respect of the ERM Program.

• RISK MANAGEMENT ROLES AND RESPONSIBILITIES The roles and responsibilities of the various participants of our ERM Program are: Board: • Oversees the implementation of the ERM program by Management and provides oversight for risk management activities; and • The Audit Committee of the Board reviews our Risk Management Framework and related processes on an annual basis to ensure processes remain current and relevant.

• The Board of Directors reviews the Company’s risk profile on a semi-annual basis and material changes to the risk profile as required.Capital Power employs an Enterprise Risk Management Program (ERM Program) to identify, evaluate, report and monitor key risks that may affect the achievement of the Company’s strategic and related business objectives.

• The Committee shall be responsible for the oversight of the ERM Program and shall report any actions or findings of the ERM Program to the Board.

• The Systems Reviews shall assess Baxano Surgical’s systems, processes, policies, and procedures relating to the Promotional and Product Services Related Functions and ERM Program.

• Conduct at least three internal training or educational sessions for ERM Staff.2. Conduct at least two external training sessions for ERM staff.3. Create and conduct new Achieve training module(s) for general ERM Program, Model Risk, or Others.4. Hold at least one informational session for Bank staff (optional attendance from Bank staff) to educate staff on select risk management topics.

• RISK MANAGEMENT ROLES AND RESPONSIBILITIES The roles and responsibilities of the various participants of our ERM Program are: The Board: • Oversees the implementation of the ERM program by Management and provides oversight for risk management activities; and • The Audit Committee of the Board reviews our Risk Management Framework and related processes on an annual basis to ensure processes remain current and relevant.

• The ERM Program aligns with the International Organization for Standardization’s standard for risk management, ISO 31000, and the Company’s approach is to undertake risk assessment in conjunction with core corporate processes.Subject to the oversight of the Board of Directors, risk management is carried out at several levels.

• Coordinate with Internal Audit via creation of an ERM & Audit Alignment Roadmap and fulfillment of items on the 2023 plan.4. Define the roles, responsibilities, and deliverables of the IT oversight function, in alignment with transfer of IT Compliance function to ERM.5. Implement processes for Bank staff outside of ERM to provide feedback and inputs for the ERM Program and/or individual risk functions.