A strategic business process that supports the achievement of an organization’s objectives through the identification, analysis, evaluation, and management of those risks whose nature would materially impact an organization’s ability to achieve its strategic goals.
The purpose of the Risk Identification and Assessment Group (RIAG) is to identify and assess risks inherent to the organization’s strategic objectives, goals, and operations that are of such a nature as to have a material impact on the organization’s achievement of its strategic goals.
This identification and assessment of risks is critical in the implementation of an enterprise risk management program.
The RIAG will draw on senior representatives from IEEE’s various lines of operations and management. These representatives need to be knowledgeable regarding their respective areas, empowered to act on behalf of these areas, and have the full support of their senior management.
They will need to understand and advocate the Enterprise Risk Management (ERM) process.
They will act as a proxy for and be considered the champions of enterprise risk management on behalf of their respective areas.
The RIAG will consist of a Standing Committee that will include a senior representative from the offices of:
IEEE Executive Director
IEEE Chief Financial Officer
IEEE Enterprise Risk Management Program Manager
IEEE Legal Counsel
The Standing Committee will be joined by Members-at-Large consisting of representatives from:
• Membership • Standards Association
• Publications / Publishing • Technical Activities
• Conference Management • Governance
• Human Resources • Facilities
• Information Technology • Sales & Marketing • Internal & Operations Audit
• International Regulatory Compliance Office