ISO31000FrameworkOriginalIssue.PDFVIP

Title IMI Enterprise Risk Management (ERM) Policy Document No. 710 1 12 001 Revision B Page 1 of 9 Form No. 423 1 95 001-17 DCC024-DT (04/11) Rev. D COMPANY CONFIDENTIAL INFORMATION Copyright ? 2015 IMI. All rights reserved. When printed, this document is uncontrolled unless properly identified as controlled. REVISION HISTORY Description of Change Author Revision General revision of the Policy through adoption of ISO 31000 Framework Maribeth Gamao B Original Issue Alexis Brian Jalijali A Title IMI Enterprise Risk Management (ERM) Policy Document No. 710 1 12 001 Revision B Page 2 of 9 Form No. 423 1 95 001-17 DCC024-DT (04/11) Rev. D COMPANY CONFIDENTIAL INFORMATION Copyright ? 2015 IMI. All rights reserved. When printed, this document is uncontrolled unless properly identified as controlled. 1.0 PURPOSE : 1.1 To establish the overall intentions and directions of the company’s risk management processes and practices. 1.2 To define a common approach that will govern the risk management process through adoption of the principles and guidelines of an international standard, ISO 31000. 1.3 To describe the organization that will be responsible for the implementation of the ERM framework, including the roles and responsibilities of each stakeholder in ERM. 1.4 To describe the relationship between the components of the ERM framework for managing risk and integrate risk management into its overall and existing established management system. 2.0 SCOPE : 2.1 This policy applies to all IMI sites. 3.0 REFERENCE AND RELATED DOCUMENTS : 3.1 IMI Corporate Governance Manual 3.2 ISO 31000 – Risk Management – Principles and Guidelines (latest version) 4.0 DEFINITIONS AND ACRONYMS: 4.1 Risk – effect of uncertainty on objectives 4.2 Risk Management – coordinated activities to