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Article: Enterprise wide: building a risk management program from the ground up: seven years ago, Gert Cruywagen started from scratch to create a comprehensive risk management system.(at Iscor Corp.)
- Article from:
- Risk Management
- Article date:
- December 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Risk Management Society Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In 1994 Gert Cruywagen came to the Iscor Corporation, based in Pretoria, South Africa, faced with an almost insurmountable task: establish an enterprisewide risk management program for a resources company that deals in the industries of steel, iron ore, coal, base metals and heavy minerals. The tough part: not only was there no risk management program, but Iscor had only begun buying conventional insurance two years previously.
Enterprise Risk Management in Action: Risk Management Committees
Today, the risk management program runs through Iscor like veins in a circulatory system. Cruywagen has created a system that involves individuals from all levels ...