Explain the best approach to ensure successful

Explain the best approach to ensure successful

Please review Chapter 35 and answer the following questions.

Explain the best approach to ensure successful implementation of ERM? Please provide a few different elements.

NOTE:

APA Format

At least 1 reference

CHAPTER 35 ERM at Malaysia’s Media Company Astro Quickly Implementing ERM and Using It to Assess the Risk-Adjusted Performance of a Portfolio of Acquired Foreign Companies
PATRICK ADAM K. ABDULLAH

Vice President, Enterprise Risk Management, Astro Overseas Limited

GHISLAIN GIROUX DUFORT

President, Baldwin Risk Strategies Inc.

This case study focuses on the implementation and use of enterprise risk management (ERM) to screen proposed investments, assess the risk-adjusted performance of a portfolio of foreign investments, and make key investment decisions at Astro Overseas Limited, the company responsible for all international investments (subsidiaries and joint ventures) for Astro Holdings Sendirian Berhad (herein known as “Astro”). We start by providing some background information on Malaysia, on its corporate governance code and practices, and risk management practices at Astro. We then describe how Astro Overseas Limited uses ERM to assess and filter potential investments, and subsequently, how ERM is implemented at successful investments. Finally, we explain how Astro Overseas Limited combines information from the risk profile and financial performance of each investment, and reflects the performance on a dashboard together with all other investments in its portfolio to make better risk/return investment decisions.

MALAYSIA
Situated between 2 degrees and 7 degrees to the north of the equator, Malaysia is a diversely populated federal democracy of 29.3 million1 Malays, Indians, …

Solution Preview

Discussion
When implementing an enterprise risk management system at the organizational level, there are several strategies or approaches that may be employed to ensure that it is a success. One of the approaches is to ensure that their support and goodwill from members of senior

(310 words)