CORP CRR 2024 8.5x11 v10 - Flipbook - Page 57
ENTERPRISE RISK MANAGEMENT
Throughout 2023 and 2024, our senior leadership team underwent a thoughtful and systematic process for analyzing strategic
priorities, gathering risk information and prioritizing these risks based on the likelihood, impact and management capabilities
with respect to each identified risk. This process led to the classification and stratification of over a dozen important risks and
opportunities that are routinely discussed with the Board.
This list was further refined to a handful of critical enterprise risks in which the management team further defined the risk,
identified an appropriate risk owner(s), identified potential vulnerabilities and established a risk response/treatment plan for
each of these enterprise risks. This framework also included the establishment of KPIs that are being tracked and measured
on a quarterly basis.
H
Potentially Requires
Additional
Resources
CUSTOMER EXPERIENCE:
CREATING A COMMUTEWORTHY EXPERIENCE
6
8
4
12
3
5
15
14
13
MAINTAIN ACCESS
TO CAPITAL
7
16
1
9
11
Risk Exposure
2
10
17
TRANSFORMATIVE
PORTFOLIO AND
INNOVATION
Significant
Resources
Already Applied
ADAPTING THE TALENT MODEL
TO SUPPORT STRATEGY
L
Management Capability
H
ADVANCING TECHNOLOGY THAT
ENABLES THE STRATEGY
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