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Doğancan USTACAN Hasan KÜTÜKÜT Abdullah Cihan Küçük Sevil KUGU.

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Presentation on theme: "Doğancan USTACAN Hasan KÜTÜKÜT Abdullah Cihan Küçük Sevil KUGU."— Presentation transcript:

1 Doğancan USTACAN Hasan KÜTÜKÜT Abdullah Cihan Küçük Sevil KUGU

2 OVERVIEW => Introduction =>What is risk management? =>Who is Coca Cola? =>How does Coca Cola’ programs relate with risk management? =>Coca Cola’ Risk management Strategies. =>Questions

3 INTRODUCTION Risk is the potential of losing something of value. Values can be gained or lost when taking risk resulting from a given action, activity and inaction, foreseen or unforeseen.

4 Risk management is the identification, assessment, and prioritization of followed by coordinated and economical application of resources to minimize, monitor, and control the probability and impact of unfortunate events or to maximize the realization of opportunities. Risk management’s objective is to assure uncertainty does not deviate the endeavor from the business goals.


6 Coca-Cola history began in 1886 when the curiosity of an Atlanta pharmacist, Dr. John S. Pemberton, led him to create a distinctive tasting soft drink that could be sold at soda fountains. He created a flavored syrup, took it to his neighborhood pharmacy.

7 Coca-Cola operates in more than 200 countries The Coca-Cola system has more than 900 plants around the world. Our ingredients and raw materials are largely sourced locally. And our 92,400 employees represent thousands of communities and many cultures. In addition, our bottling partners employ hundreds of thousands of people around the world and are committed to supporting community investment programs.

8 Coca cola produces different kind of products for improve the profitability and also decrease the risk of sales. Products;

9 Risk Management Process and Framework The management of risk requires that a thorough analysis of risk be undertaken to support decision making at all levels of the business. To support this requirement, risk analysis undertaken within every business unit will follow the principles set out in this document and the CCA Risk Management Framework and Guide.

10 These have been based on the International Standard for Risk Management (ISO 31000).Risks and the effectiveness of their management are reviewed and reported regularly to relevant management, the Audit and Risk Committee and the Board.

11 All CCA employees have a role to play in the management of risk and the following section outlines specific accountabilities. The CCA Board is responsible for the oversight of the risk management policy and framework.


13 Audit and Risk Committee The purpose of the ARC is to provide an independent, objective review of the company’s key financial and operational controls and the effective management of risk. Specifically the ARC is responsible for: Financial Reporting; to ensure the balance, transparency and integrity of published financial information,

14 Risk management and internal controls; to confirm the effectiveness of the company’s internal control and risk management system, Internal Audit; to be satisfied with the effectiveness of the internal audit function and to approve the appointment and assess the performance of the Internal Auditor. External Audit; to ensure an independent audit process and recommend the appointment and assess the performance of the External Auditor,

15 Compliance with laws regulations and internal policies and industry standards; to confirm the company’s process for monitoring compliance. Other Board Committees Other Board Committees are responsible, among other things, for advising the Board in relation to risk management issues within their area of responsibility

16 MANAGEMENT Business Unit Managing Directors have the prime responsibility for the management of risk in their business unit. This includes the identification of risks and actions that mitigate these risks while supporting the business to achieve its objectives. The Business Unit Managing Directors are supported in their risk management responsibilities by the central group functions of Risk Management, Internal Audit, Security and Fraud, Legal, Finance, Treasury, Insurance and Tax.


18 Group Risk Management The role of CCA’s Group Risk Management team is to provide the CCA Board, Audit and Risk Committee, and Chief Executive Officer, with information on the management of risk throughout CCA and to facilitate the implementation of risk management processes. The team drives the enterprise wide risk management strategy.


20 Internal Audit Internal Audit is responsible for reviewing the effectiveness of internal controls through an annual, riskbased assurance program of key business process reviews and monitoring the rectification of any deficiencies identified.

21 External Audit External Audit is responsible for providing an opinion on the truth and fairness of the annual financial report. In doing so, they may assess the management of risk and key internal control systems.


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