The WHAT of Risk Management
A new function for risk and resilience is created that brings together the former Risk Office, Risk Assessment and Monitoring, Business Continuity Management and Novartis Emergency Management in order to establish a comprehensive and integrated risk management framework that is coordinated among risk functions and business units.
Abstract
At Novartis, our continued success depends on our ability to manage risk. In 2019, we created a new function for risk and resilience that brings together the former Risk Office, Risk Assessment and Monitoring, Business Continuity Management and Novartis Emergency Management, in order to establish a comprehensive and integrated risk management framework that is coordinated among risk functions and business units. The Risk Committee of the Board of Directors is responsible for overseeing the risk management system and processes.