The research question and phenomenon that is addressed by this research study is:
“What is the perceived importance and level of acceptance of ERM in the South
African business environment, and what is the perceived value of ERM in South
African organisations?”
The definition of ERM utilised throughout this research study is: “Enterprise Risk
Management is a process, effected by an entity’s board of directors, management
and other personnel, applied in strategy setting and across the enterprise, designed
to identify potential events that may affect the entity, and manage risk to be within its
risk appetite, to provide reasonable assurance regarding the achievement of
business objectives”. (Committee of Sponsoring Organisations of the Treadway
Commission – COSO, 2004: 4)
Enterprise Risk Management is perceived by many as being a necessity, but a
burden to business caused by increased investor confidence requirements, such as
adherence to King II, Basel II, JSE listing requirements, and the Public Finance
Management Act in South Africa, and Sarbanes Oxley requirements placed on
organisations listed in the USA, resulting primarily from recent international
corporate failures. This causes ERM to be implemented for compliance reasons
without obtaining the true value that ERM provides.
The main research problem is therefore to firstly identify the extent of acceptance
and implementation of ERM in organisations in the South African business
environment, secondly identify the reasons why organisations implement ERM in
these organisations, and thirdly identify factors that describe the perceived value that
ERM provides to these organisations. / Graduate School of Business Leadership / MBL
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:unisa/oai:umkn-dsp01.int.unisa.ac.za:10500/215 |
| Date | January 2006 |
| Creators | Havenga, Andre Hendrik Stephanus |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Research Report |
| Format | 1 online resource (ix, 133 leaves) |
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