Networking
mamatha8186
ITS835_Spring_1G_2019_Week8.pptxITS 835 Enterprise Risk Management
Week8: ASSESSING PERFORMANCE
1
Week 8 – ITS 835
Read the following chapters
Chapter 35: ERM at Malaysia’s Media Company Astro: Quickly Implementing ERM and Using It to Assess the Risk-Adjusted Performance of a Portfolio of Acquired Foreign Companies
Complete the following no later than end of day Wed Feb 27
Week 8 discussion
Course Reminders
Week 8 is a short week and the last day of the term is Thu Feb 28
All assignment submissions for this course needs to be uploaded no later than Wed Feb 27 end of day.
Please note that I will not be able to accept and grade any assignment submissions after Wed Feb 27 end of day. The university has strict policies on when your final grades need to be posted.
Chapter 35: ERM at Malaysia’s Media Company Astro: Quickly Implementing ERM and Using It to Assess the Risk-Adjusted Performance of a Portfolio of Acquired Foreign Companies
Excellent example of ERM implementation in a company in Asia
Astro, Malaysia based media company uses ERM to grow through international acquisitions
ERM for effective risk/return decisions
Case Study Context
Astro is a leading and growing integrated consumer media and entertainment group in Malaysia, Southeast Asia, and regional foreign markets
Four key areas- pay TV, radio, publications and digital media
Partnerships with A&E, Google, Lionsgate, MSNBC and other
Through Celestial pictures it owns and distributes Shaw Library (worlds largest Chinese film library)
Owns Adrep (radio air time management company in China)
Astro Group Astro Malaysia Holdings Berhad (AMH) and Astro Overseas Limited (AOL)
ERM at Astro
AMH-
Adopted principles and recommendations of Malaysian Code on Corporate Governance 2012
Board committed to ERM approaches
Long lasting ERM implementation
Also based on ISO 31000 and COSO
AOL
Board of directors experienced and oversee risk management
They see risk management as important in maximizing profitability
They understand the versatility of ERM
AOL ERM Evolution
Role of ERM in Acquisition process
AOL Risk Management Process
Risk Map of Investee Company
Investment performance Dashboard
Lessons Learned
Importance of a structured and proactive approach to ERM implementation, monitoring and reporting
ERM assists with investment decision making
Investment performance dashboards can assist with making key investment decisions
Week 8 is a short week and the last day of the term is Thu Feb 28 All assignment submissions for this course needs to be uploaded no later than Wed Feb 27 end of day. Best Wishes for your future endeavors
