RSK4801 Assignment 1 Semester 2 Memo | Due 28 August 2025

,RSK4801 Assignment 1 Semester 2 Memo | Due 28
August 2025
RSK4801 Assignment 1 Semester 2 Memo | Due 28 August
2025. All questions fully answered. Case study 1: Ubuntu
Holdings (Pty) Ltd 1. What are the key components of an ERM
framework that Ubuntu Holdings should implement? 2. Explain
how Ubuntu Holdings could benefit from implementing an ERM
framework.
RSK4801 – ASSIGNMENT 1 MEMO
Semester 2 – 2025
Due date: 28 August 2025
Case Study 1: Ubuntu Holdings (Pty) Ltd


Question 1
What are the key components of an ERM framework that
Ubuntu Holdings should implement?
The Enterprise Risk Management (ERM) framework provides a
structured and integrated approach for managing risks across
the organisation. For Ubuntu Holdings, the key components
include:
1. Governance and Oversight

, o Establish a risk governance structure with the board
of directors and senior management accountable for
risk oversight.
o Define clear roles and responsibilities through a risk
management policy.
o Appoint a Chief Risk Officer (CRO) or risk committee
to oversee ERM processes.
2. Risk Culture and Internal Environment
o Promote a culture of transparency, accountability, and
ethical behaviour.
o Align risk management with Ubuntu Holdings’
mission, vision, and values, ensuring staff at all levels
understand their role in risk management.
o Embed risk awareness into decision-making
processes.
3. Risk Identification
o Systematically identify internal and external risks that
may affect strategic, operational, financial, and
compliance objectives.
o Techniques: risk registers, brainstorming sessions,
scenario analysis, and industry benchmarking.
4. Risk Assessment and Prioritisation