ITM integrates risk management into planning, performance management and business process management.
A comprehensive risk management system and process is developed to ensure that strategic objectives and corporate governance responsibilities are met.
The implementation of risk management is carried out broadly by looking at the entire business process in an integrated manner. Based on the risk profile compiled by each function, both business units and supporting units, each risk owner identifies several types of risk and determines risk management according to priorities based on likelihood and impact.
ITM’s Risk Management Committee (RMC) discuss various issues regarding the management of risk as well as agree on the things that need to be taken to ensure that every risks always under control. RMC assist the BOD in fluffing the responsibilities related to risk management and to monitor progress of any major risk mitigation strategies including the status of risk assessments.
