Title
Draft Resolution - Review of Enterprise Risk Management Policy - I Sterzing
Other Info
Submitted By: Ingmar Sterzing
Department: Strategy Execution
Financial Impact and Cost/Benefit Considerations: The implementation of this policy and the associated Enterprise Risk Management (ERM) Program is intended to reduce losses and improve the efficiency of the organization. The implementation of this board policy will be managed by the Strategy Execution lead and costs are budgeted in the PEC business plan. All PEC employees play a role in managing risk and costs to implement this policy will be included in their normal and typical employee expenses. Future program or system improvements determined to be needed will be requested as part of the standard business planning process.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS that the Cooperative adopt the Enterprise Risk Management (ERM) Policy, that was presented to and discussed by the Board this day, with such changes, if any, as were discussed and approved by the Board; and
BE IT FURTHER RESOLVED that the Chief Executive Officer, or designee, are hereby authorized and directed to take all such action as may be necessary to implement this resolution.