Risk is an essential part of any business – it drives growth and opportunity. But today the stakes are higher. Executives struggle with pressures that may be partly or completely beyond their immediate control, such as distressed financial markets; unexpected mergers, acquisitions and restructurings; disruptive technological change; geopolitical instabilities; and the rising price of energy. Enterprise Risk Management (ERM) can be described as a risk-based approach to managing an enterprise.

We help companies implement ERM by assessing their individual risks and designing and implementing systems, controls and processes to manage high-priority risks. Possible risk types include:

• Hazards - Liability torts, Property damage, Natural catastrophe
• Financial - Pricing risk, Asset risk, Currency risk, Liquidity risk
• Operational - Customer satisfaction, Product failure, Integrity, Reputational risk
• Strategic - Competition, Social trend, Capital availability

The Pine Hill Group works with your management to develop and select an appropriate risk response strategy, which may include:

• Avoidance: exiting the activities giving rise to risk
• Reduction: taking action to reduce the likelihood of impact related to the risk
• Share or insure: transferring or sharing a portion of the risk, to reduce it
• Accept: no action is taken, due to a cost/benefit decision