Questions and Answers
What is the primary responsibility of the ERM Function in NNPC Limited and its subsidiaries?
What is the purpose of the ERM Function in engaging process owners?
What is the role of the ERM Function in risk assessment and prioritization?
What is the purpose of the ERM Function in consulting with process owners?
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What is the outcome of the ERM Function's periodic facilitation and validation of risk and control self-assessments?
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What is the purpose of the ERM Function's periodic monitoring and reporting on risk management?
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What is the role of the ERM Function in the risk management process?
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What is the outcome of the ERM Function's efforts to foster a corporate risk culture?
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What is one of the responsibilities of the GRC Function in terms of staff development?
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What is the purpose of the GRC Function's periodic reviews of documents?
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Who does the GRC Function recommend training for?
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What is one of the responsibilities of the GRC Function in terms of reporting?
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What is the purpose of the GRC Function's research into emerging best practices?
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What is one of the responsibilities of the GRC Function in terms of staff resourcing?
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What is the purpose of the GRC Function's development of SMART performance metrics?
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What is one of the responsibilities of the GRC Function in terms of coordination?
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What is the mission of the QA Unit in NNPC Limited?
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What is the scope of the QA Unit?
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Who does the Quality Assurance Manager report to?
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What is one of the responsibilities of the Quality Assurance Manager?
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What is the objective of the Quality Assurance Processes and Procedures?
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What is the responsibility of the Quality Assurance Manager regarding the database system?
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What is the role of the Quality Assurance Manager in the GRC Function?
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What is the organizational hierarchy of the Quality Assurance Function?
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How often will the external assessor collaborate with the GRC Function within NNPC?
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Who is responsible for monitoring the GRC Function's Key Performance Indicators (KPI)?
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What is included in the 'People' category of KPIs?
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How often will the KPIs be reported to GRC leadership?
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What is the purpose of the KPIs in the 'Processes' category?
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What is the minimum number of GRC staff rotated into the business in one year, as per the KPIs?
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What is the purpose of the external assessor in the GRC Function?
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What is included in the 'Processes' category of KPIs?
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What is considered in the annual self-assessment by the QA Unit?
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Who is involved in the customer satisfaction survey?
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What is the purpose of the QA plan?
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How often does the QA team present the consolidated report(s) from ongoing internal assessments?
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What is the minimum number of GRC engagement reviews selected for quality assurance in each calendar year?
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What is the purpose of consolidating the report(s) from ongoing internal assessments?
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What is the alternative to conducting a customer satisfaction survey?
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What is the role of the QA Unit in developing the QA plan?
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