NNPC Limited ERM Processes and Procedures PDF

NNPC Limited ERM Processes and Procedures management; i) Provide understanding of how ERM can be used to gain a competitive edge; and j) Provide an understanding of the Risk Management decision process. Risk Management Awareness A risk awareness program shall be established by the Head of Risk M...

NNPC Limited ERM Processes and Procedures management; i) Provide understanding of how ERM can be used to gain a competitive edge; and j) Provide an understanding of the Risk Management decision process. Risk Management Awareness A risk awareness program shall be established by the Head of Risk Management to ensure that all staff are continually educated on recent developments and findings in risk management. This will help to raise staff awareness of the risk management policy and processes, their role in it and to provide education on basics of risk management. The awareness process shall be designed in a way that personnel can readily learn with minimum disruptions to their duties. Options for this type of training include: a) Induction manuals for new hires; b) Short presentations (facilitated internally or externally) during normal office meetings; c) Meetings/interviews or facilitating of regular departmental/unit chat or discussion on ERM; d) Workshops; e) Special briefings; and f) Newsletters or Publication of quarterly bulletin highlighting ERM event within NNPC Limited and its subsidiaries. Page 74 of 347