Governance Effectiveness on Risk: ENEC Nuclear Energy Case Study

This presentation explores the effectiveness of governance on risk management within the Emirates Nuclear Energy Corporation (ENEC). It begins by outlining the contemporary business environment's inherent risks and the importance of risk management, particularly within the nuclear sector, highlighting health and safety, operational, strategic, commercial, radiation, reactor accidents, and radioactive waste concerns. The presentation then defines corporate governance as a set of rules and processes that shape a company's direction and control, balancing the interests of various stakeholders. ENEC's role in providing safe, clean, and reliable nuclear energy to the UAE is discussed, emphasizing the integration of corporate governance for effective risk management to achieve sustainable business goals. The presentation references academic sources to support its analysis of risk management and governance in the nuclear energy sector.

EFFECTIVENESS OF GOVERNANCE ON RISK
MANAGEMENT IN NUCLEAR ENERGY SECTOR: A
CASE STUDY OF EMIRATES NUCLEAR ENERGY
CORPORATION (ENEC)

RISK MANAGEMENT
 The contemporary business oriented market
conditions are full of risks and threats. Risk
management deals with the various
operational risks by implementing effective
management and mitigation tactics.

RISK MANAGEMENT IN
NUCLEAR SECTOR
 Health and Safety Risk
 Operational Risks
 Strategic Risk
 Commercial Risk
 Radiation
 Reactor Accidents
 Radioactive Waste

CORPORATE GOVERNANCE
 Corporate Governance refers to set of rules
that is practiced and processed to shapes up
the direction and control of a company by
balancing the interest of range of people
including shareholders, suppliers, financiers,
management bodies, customers, community
and government.

EMIRATES NUCLEAR ENERGY
CORPORATION
 The organization came into operation from
2009 and since then it has been delivering
efficient and reliable services. The broader
ambition of the firm is to provide safe, clean
and reliable nuclear energy to the mass
population of UAE.

CORPORATE GOVERNANCE FOR
RISK MANAGEMENT
 One of inseparable part of good corporate
governance is managing risk associated with
functioning of the firm. It allows the firm to
create a sustainable environment facilitated
by efficient management of risks and
achieving the business goals the organization
has.

REFERENCES
 Bahr, N.J., 2014. System safety engineering and
risk assessment: a practical approach. CRC Press.
 Caron, F., 2013. Project Risk Management.
In Managing the Continuum: Certainty,
Uncertainty, Unpredictability in Large Engineering
Projects (pp. 67-74). Springer Milan.
 Brunnengräber, A. and Schreurs, M., 2015.
Nuclear energy and nuclear waste governance
perspectives.

REFERENCES
 Kardes, I., Ozturk, A., Cavusgil, S.T. and Cavusgil,
E., 2013. Managing global megaprojects:
Complexity and risk management. International
Business Review, 22(6), pp.905-917.after the
fukushima nuclear disaster. In Nuclear Waste
Governance(pp. 47-78). Springer VS, Wiesbaden.
 Dua, S.S. and Director, Q.A., 2012. ENEC
Management System and Quality Assurance
Program (No. IAEA--621-I2-TM-43673).

REFERENCES
 Fernando, A.C., 2012. Corporate Governance:
Principles, Polices and Practices, 2/E. Pearson
Education.