Risk Management

Overview

Risk Management is a very broad concept and can be interpreted in many different ways. Most companies do, in some fashion, manage their risks, though it may not be through formal processes. At Stinnett & Associates, we believe that every enterprise, whether public or private, benefits from an entity-wide focus on risk management. Our methodology to risk management is an entity-wide approach starting with the “tone at the top” and drilling down to process level improvement opportunities and best practices.

Services We Provide

Value You Receive

We believe that effective risk management programs inherently improve business performance. Risk management builds awareness of risks companies face and implements strategies and procedures to address those risks.

Enterprise Risk Management

We encourage our clients to evaluate their risks across business units, segments and divisions. Traditionally, risk management programs may focus primarily on insurance coverages and claims or commodities consumed and sold. Risk management encompasses far more than that - it should examine how and why business decisions are made. It should challenge management to ensure they have all the facts as they determine credit limits for customers, production levels and other critical business decisions.

Corporate Governance and Audit Committee Support

Boards of Directors and Audit Committees are an invaluable resource for corporate governance and supporting management’s “tone-at-the-top.” With the increased complexity of business and changing regulatory environment, it is often difficult for audit committee members and management to be aware of all relevant issues. Our services assist Board and Audit Committee members along with management in understanding changes relating to areas such as independence standards, stock exchange requirements, and financial accounting and reporting changes and their impact on audit and management responsibilities.

Examples of Corporate Governance Services we have provided include:

Business Process Reviews

We believe that a good “kick of the tires” is beneficial to any company, regardless of size or ownership structure. We work closely with our clients to evaluate their business process structures and identify process areas where potential improvement or re-engineering opportunities may exist. Our deliverables include process-level work flows, narratives, process re-engineering recommendations and action plans.

Training

We provide a variety of training options to our clients relating to Risk Management. We tailor our training programs to meet the unique education needs of our clients. Our training addresses a variety of topics including:

Best Practice Studies

As a result of our research studies and our vast experience base, we have the ability to provide best practices to our clients relating to their unique business areas and financial, operational, or compliance processes. Ranging from project management best practice reviews to cash management studies, our experience can provide valuable benefits:

 

©2008 Stinnett & Associates