Reference no: EM132668785

You are the Chief Executive Officer of a large Philippine multinational company operating in the energy sector. Your company has operations in 5 different countries, some of which are developing economies, and it has raised debt finance, as well as equity finance, in 2 of these countries. You are aware that there have been protests from environmental lobby groups in several areas regarding oil pipelines. There have also been demonstrations about the impact of operations on local communities. Your company has an internal audit committee, an audit committee, and a reasonably well-developed system of internal control. However, the board has decided that perhaps it should form a new committee, a 'risk committee', which will deal with risk management and internal control specifically.

Prepare a briefing paper which summarizes the main risks facing the business at present, and the relative importance of these risks to the business, to highlight where the primary exposures are likely to be.