Cendrowski Corporate Advisors provides risk management and governance advisory services for public companies, private companies, and nonprofit and philanthropic organizations.
Our professionals assist organizations in establishing comprehensive enterprise risk management (ERM) practices. These practices help organizations understand and address the industry-specific, firm-specific, operational, compliance, and competitive strategy risks that affect their business.
As the organization develops the ability to make more informed decisions regarding risk and develops organizational resilience, they can better leverage the opportunities that other organizations may not be comfortable taking, creating the space for competitive advantage.
Our ERM services team considers both the probability and impact of risks, allowing the organization to prioritize areas that require attention.
Using our ERM services, a client organization will improve its ability to perceive risks in its external and internal environments while standardizing risk management procedures and practices. Boards of directors and C-suite executives also gain increased confidence, knowing that risks are being properly assessed and managed.
Client Success: Strategic Risk Management
A diversified conglomerate was implementing a centralized enterprise risk management system to manage each subsidiary. The subsidiary managers were apprehensive about the impact—and the board was concerned about their ability to monitor procedures in the new environment.
Cendrowski Corporate Advisors conducted workshops with the board and subsidiary managers to clarify the organizational objectives, driving the changes, and identifying the managers’ specific concerns. Then we conducted operational workshops within the subsidiaries to identify system limitations that could interrupt business processing.
Working with the board, our specialized team implemented new monitoring techniques, including redesigning the internal audit function, which addressed the subsidiary managers’ concerns without weakening the controls.