Compliance is about more than just working within the letter of the law, though, it is also about adhering to the regulations and standards that govern respective industries.
Al Bidda has been assisting the City of Cape Town and the local Department of Motor Vehicle Registration since 1993.
Advanced modules with a more theoretical basis are offered to information managers, archivists, financial managers, human resources specialists, administrative staff and drivers.
RISK MANAGEMENT PROCESS
Al BiddaWH’s enterprise-wide approach means that identified material risks are included in a structured risk and opportunity management process and managed within a unitary risk management framework.
Risk management involves identifying key risks and preparing to mitigate these through internal control structures and combined assurance plans. Strategic risks are continually reviewed and ranked by inherent risk based on the evaluation of the probabilities and severity for each risk. The probable mitigation of each risk is assessed and the resulting residual risk is also calculated.
A comprehensive risk register is in place and constantly managed by the appropriate executive management members.
Sound management of risks and opportunities enables the company to anticipate and respond to changes in its business environment as well as make informed decisions under uncertain conditions.
Al BiddaWH recognises that risk in business is complex and must be identified and prepared for wherever the business may be exposed to it. Risk management is not there to impede, but rather help achieve organisational objectives. Committing to Al BiddaWH’s risk and opportunity management philosophy ensures safer, healthier work environments for employees and preserved assets and value creation.