Enterprises Risk Management Case Study

Based on the case of ERM at Chapter 35

"Malaysia's Media Company ASTRO - Quickly Implementing ERM and Using It to Assess the Risk-Adjusted Performance of a Portfolio of Acquired Foreign Companies"

by PATRICK ADAM K. ABDULLAH, Vice President, Enterprise Risk Management, Astro Overseas Limited, and

GHISLAIN GIROUX DUFORT, President, Baldwin Risk Strategies Inc.

please answer these following questions, and giving emphasis and example.

1. During the due diligence, it was identified the weakness of risk management practice in ERM at Astro. What type of risks does Astro face? Please detail description of each risk in detail.
2. Have Astro set risk appetite and risk tolerence. If they have one, please explain. Hence, if they have not please help them to determine those elements.
3. Please develop Risk Matrix and KRIs (Key risk indicator). Please also recommend how should the company manage the risks.
4. Give your assessment of the transformation plan. How can you help Astro to ensure this plan work ?
5. How will senior management benefit from supporting ERM implementation?
6. Does ERM require reporting to executive management? If so, what types of reports are most suitable for executive management?
7. What do you think is the best approach in ensuring a successful implementation of ERM? Please provide a few different elements.