Post on 14-Apr-2017
ALAM FLORA SDN BHD
Presented For:PROF. DR ZURIAH ABD RAHMAN
Presented By: NURUL NADIA BINTI ABDULL RASHID
(2014715621) NOR HAFIZAH BINTI SAMANAL
(2014970723) NIK NAINUNIS BINTI ABDUL GHANI
(2014701609)
BACKGROUND ALAM FLORA SDN BHD •Alam Flora is a wholly-owned subsidiary
of DRB-Hicom Berhad, one of Malaysia’s leading companies listed on the main market of Bursa Malaysia Securities Berhad, playing an integral role in supporting Malaysia’s transformation into a competitive, knowledge-based and high income nation.
CONT..•Alam Flora was incorporated as a special
purpose company to undertake the privatization of solid waste management (“SWM”) services within the vested concession areas covered in the Federal Territories of Kuala Lumpur and Putrajaya and the states of Selangor, Pahang, Kelantan and Terengganu.
Enterprise risk management for Alam Flora Sdn Bhd
COSO;2004
Internal environment
•Vision, Mission and Shared Values Management has established and provide direction to employees towards achieving the goals and objectives of the Alam Flora Sdn Bhd.
Vision
To be a leading environmental management company committed to improving the quality of life.
Mission
Committed to a clean environment Committed to excellent customer
service Consistently optimize high return to
shareholders Committed to the development of a
skilled, dedicated and knowledgeable workforce
Shared Values
Excellent Customer Relations Sense of Urgency Teamwork Harmonious Relationship Quality Services
Objective setting• Board of director Alam Flora Sdn Bhd should set
objectives risk management program to mitigate all the potential risk in the company.
• Board is to set objectives effectively, and to be aware of the risks arising if different objectives are pursued.
• Risk objective must be exist before management can identify the potential events affecting their achievement.
Illustrative Impact ScaleRating
Impact Description
1 Insignificant
Not reportable to top management
2 Minor Reportable incident to top management, no follow up
3 Moderate Report to top management with immediate correction to be implemented
4 Major Report to top management requiring major corrective action
5 Catastrophic
Top management take more serious action
Illustrative Likelihood Scale
Rating
Likelihood
Description
1 Rare <10% chance of occurrence2 Unlikely 10%-35% chance of
occurrence3 Moderate 35%-65% chance of
occurrence4 Likely 65%-90% chance of
occurrence5 Almost
certain>90% chance of occurrence
(a) Vehicles risk
Vehicle breakdown may affect the Collection of
services Likely
Major
Event Identification Mapping
(b) Equipment risk.
Equipment damage will affect service operation
Moderate
likely
Event Identification Mapping
(c)Safety
and health risk at
workplace
Accident at workplace- related
injuries Moderate (3)
Moderate (3)
Event Identification Mapping
(d) Service quality
risk
Non-performing/ inexpert worker
during the collection of waste landscaping
activities
Moderate (3)
Unlikely (2)
Event Identification Mapping
Risk mapping Impact
Likelihood
Insignificant
Minor
Moderate
Major
Catastrophic
Almost certain
Likely
(b) (a)
Moderate
(c)
Unlikely
(d)
Rare
Risk Reduction
- Instruct and train workers take care the vehicles safely.
-Always check the vehicle be in good condition.
Risk respond
Vehicle breakdown may affect the
Collection of services
Risk Reduction
-Employer prepares suit such as safety jacket, boat, gloves, goggles and others-Provide a back-up team of workers
Risk respond
Accident at workplace- related
injuries
Risk reduction
-Alam Flora Sdn. Bhd might buy a high quality of equipment.-Instruct and train worker to use equipment properly. -Prepare extra equipment.
Equipment damage will affect service
operation
Risk respond
Non-performing/ inexpert worker
during the collection of waste/landscaping
activities
Risk Reduction
-Provide training and skill based on workers’ expertise- All the workers will be supervised by the leader.
Risk respond
Control activities •The control activities are aimed at assessing
the effectiveness and relevance of controls and management action plans implemented to mitigate the occurrence and severity of risk.
Information and communication•To enables all parties involved to carry
out their duties. •Enterprise risk management is to ensure
all employees put their full cooperation in accomplishing Alam Flora Sdn. Bhd objectives and goals.
Monitoring •The risk treatment will be monitored and
review performance Alam Flora Sdn. Bhd in periodically
•The risk treatment method will be changed to another method in any event of ineffectiveness
Conclusion•The existing risk encountered by Alam
Flora Sdn Bhd should properly managed to avoid any possibility lost.
•Risk Committee plays an important role to control activities and monitor risk response.