TTE风险管理必要性【企业风险管理经典】.ppt

June 2005Risk Management Strategy of TTE
. Shen
On the basis of presentation by Marsh
Agenda
Risk for Corporations operating in the Global Market
Risk Management of Global Corporation
Risk Management Strategy for TTE Corporation
Risk for Corporations operating in the Global Market
Risk Issues
What you need to worry about when corporation operate in the global economy?
Balance Sheet
Assets at Risk (. stock in transit/overseas, building/equipment overseas)
Third Party Liability
Profit & Loss Statement
Loss of Revenue from damage to overseas operation
Cross-border Interdependencies among panies
Third Party Supplier/Customer Chain Management
Employees
Traveling to overseas
Expatriates resident overseas
Local national employees
The Changing Risk LandscapeWhat has changed…
Globalization
Internationalization of media coverage
Increased means munications (“bad news travel fast”)
Better understanding of the intricacies of the money & capital markets
Advances in risk management techniques, processes and tools
Diversification of the munity
Increased role of households (. pension & retirement funds)
Market liberalization (“laissez faire, laissez aller”)
Increased need for “s”
Corporate scandals
Bridgestone/Firestone, Enron, , munications, Ahol, Haliburton, IM Clone System Inc., etc.
Changing legal environment around the globe
Why Be More Strategic About Risk Management?
The world is ing more risky
Faster product and service cycles, faster decisions → Fewer Controls
New technology, petitors → Greater threats
Focus on intangible assets
A shrinking and shifting labour market – Human capital
Innovation
Higher expectations around management accountability
Stakeholders and regulators – Corporate governance
Increased risk reporting requirements
Strong focus on brand and reputation
High profile media focus
Internationalization of the media
= Greater Risks / Greater Need For Risk Management
Why Be More Strategic About Risk Management?
Risk Issues might include: