Identifying and Mitigating Risks to Ensure Growth and Sustainability
ICTSI and its subsidiaries’ geographically diverse operations expose the ICTSI Group to various business risks, particularly competition, commercial, economic, political and foreign exchange risks, which movements may materially impact the financial results of the ICTSI Group.
ICTSI established the Enterprise Risk Management System to be readily responsive to the dynamic business environment in which it operates. The ERM System will help identify and manage the ICTSI Group’s Key Business Risks in support of ICTSI’s Vision and Mission to achieve its overall strategy and business objectives. Effective August 2018, ICTSI’s ERM methodology is following the Committee of Sponsoring Organizations of the Treadway Commission’s 2017 ERM Framework: Enterprise Risk Management – Integrating with Strategy and Performance.