Olsen Partners is committed to fostering a proactive approach to risk management that supports the sustainability and growth of organizations in the Kenyan market. This ERM policy outlines the principles and practices that guide our approach to identifying, assessing, managing, and monitoring risks.
Olsen Partners employs a systematic approach to risk management, which includes the following key components:
• Board of Directors:
o Provide oversight and ensure that risk management is integrated into the organization's strategic decision-making processes.
• Management:
o Implement the ERM policy and promote a risk-aware culture within the organization.
o Ensure that adequate resources are allocated for effective risk management.
• Employees:
o Understand and adhere to the ERM policy and actively participate in risk identification and management processes.
Olsen Partners is committed to providing training and resources to ensure that all employees are equipped with the knowledge and skills necessary to effectively identify and manage risks. Regular training sessions will be conducted to enhance the organization’s risk management capabilities.
This ERM policy will be reviewed annually to ensure its effectiveness and relevance in the changing business landscape. Feedback from stakeholders will be sought to identify areas for improvement. By implementing this ERM policy, Olsen Partners aims to create a resilient organization that effectively manages risks, enhances decision-making, and supports sustainable growth in the Kenyan market. We are committed to fostering a culture of risk awareness and continuous improvement in our risk management practices.