Qualitative Analysis of Enterprise Risk Management Systems in the Largest European Electric Power Companies

Enterprise risk management (ERM) is an important element of efficient and comprehensive corporate governance system. It represents a combination activities that minimise the negative impacts exposures on company’s value long-term sustainability. Recently, there has been growing awareness role importance function. Such trends are partly driven by consequences last economic financial crisis one hand, other legal regulatory requirements. The downturn caused COVID-19 pandemic, volatility in energy markets increased uncertainty expected upcoming period reiterate timely practices, because organisations with developed systems more resilient case crisis. This paper analyses organisation level development ERM ten largest European electric power companies. companies’ data practices collected from annual reports analysed applying Content Analysis (CA), searching for 29 characteristics Research results reveal EU companies can be considered as advanced it applies five dimensions COSO 2017 framework. analysis confirms existence 27 out system, confirming these rooted not only relevant theory, but also practice large successful