Enterprise Risk Management

Enterprise Risk Management (ERM) provides a holistic account of key risks faced by the company and facilitate the management in informed decision-making. Subsequent to the formation of Board Risk Management Committee in compliance with Public Sector Companies Governance Rules, 2013, the committee advised to have an ERM Function in place.

The function assists the board committee in overall enterprise risk management in PPL. The function is headed by Senior Manager ERM who reports to Chief Financial Officer and obtains guidance from Managing Director and Executive Risk Management Committee. 

The function’s main responsibility is to implement and establish best ERM practices across the company and provide standard processes to identify, manage, monitor and report risks inherent in its business strategies. The scope of ERM also extends to advising management on key strategic transitions affecting the company in view of its risk appetite and existing risk exposures.