The strategic position of Dubai Holding and its companies is steered from a risk perspective through the implementation of an Enterprise Risk Management (ERM) framework. This recognises that management is all about taking risks and that identifying and managing risks effectively facilitates good business decisions and drives sustainable growth and shareholder value.
ERM is a process used across Dubai Holding and its companies to help management identify, assess, mitigate and monitor risks that might affect the achievement of the strategic objectives.
Risks are managed within the context of a risk appetite statement established by senior management and the Audit and Risk Committee.
Accordingly, Dubai Holding will not tolerate:
- Absence or non-compliance of core components of the governance model
- Any significant potential business disruption or capability damage
- Any significant deviation from business plan
Our Risk Management team is supported by a network of risk managers and experts. It oversees the operation of the following components of the ERM across the group and reports on the major risks and the status of response strategies to senior management and the Audit and Risk Committee:
- Risk Governance
- Risk Management Methodology
- Risk Integration