Druk Holding & Investments Limited (DHI) is the commercial investment arm of the Royal Government of Bhutan and plays a critical role in managing and developing strategic national assets. 

Established to professionally manage Bhutan's government-owned companies, DHI oversees a diverse portfolio of enterprises operating across key sectors that contribute significantly to the country's economic growth and development. 

DHI's portfolio ecosystem represents a wide range of industries, including:

• Hydropower and energy
• Banking and financial services
• Telecommunications
• Aviation
• Mining and natural resources
• Manufacturing
• Infrastructure development
• Trading and other strategic sectors

Given the diversity and importance of these organisations, developing a consistent enterprise risk management approach is essential to ensure resilience, informed decision-making and sustainable long-term value creation.

The three day programme focused on moving beyond traditional risk management approaches towards a more integrated enterprise-wide perspective. 

The programme covered key areas including: 

Enterprise Risk Management Foundations 

Participants explored the evolution and importance of ERM, understanding how organisations can connect risk management with strategic objectives, governance structures and business decisions. 

The sessions highlighted the importance of moving from a reactive approach towards proactive identification, assessment and management of risks. 

Risk Culture and Governance 

A key focus of the programme was strengthening risk culture across organisations.

 Participants discussed:

• Role of leadership in shaping risk culture
• Accountability and ownership of risks
• Role of risk focal points
• Importance of escalation mechanisms
• Integration of risk thinking into everyday decision-making

Risk Registers, Risk Assessment and Reporting 

The programme covered practical aspects of:

• Developing effective risk registers
• Identifying enterprise-level risks
• Understanding inherent and residual risks
• Assessing control effectiveness
• Developing meaningful risk reporting mechanisms
• Using risk information to support management decisions

Risk Appetite and Strategic Integration 

Participants also explored:

• Risk appetite and tolerance concepts
• Linking risk appetite with strategic objectives
• Risk maturity assessment
• Integrating ERM into organisational planning and decision-making

The sessions were structured to ensure relevance across sectors, recognising that while risk exposures differ between industries, the principles of effective risk governance remain common.

One of the unique aspects of the programme was the participation of professionals from diverse sectors. 

The discussions highlighted how similar enterprise risks can have different implications across industries. 

For example:

• Cyber risk can impact banking operations, telecommunications networks, utilities and public services.
• Climate and environmental risks can affect hydropower generation, infrastructure projects, mining operations and supply chains.
• Operational resilience is critical for financial institutions, aviation companies, manufacturing organisations and technology-driven businesses.
• Third-party dependencies can create interconnected risks across multiple sectors.

This cross sector approach enabled participants to understand how different organisations identify, assess and manage risks while building a shared enterprise risk language.

In today's interconnected environment, organisations face increasingly complex challenges arising from technology disruption, climate change, geopolitical developments, regulatory expectations and evolving stakeholder demands. 

A strong enterprise risk management approach enables organisations to:

• Anticipate emerging risks
• Make informed strategic decisions
• Strengthen governance structures
• Improve operational resilience
• Protect stakeholder value
• Create sustainable long-term growth

Through this programme, DHI and participating organisations demonstrated their commitment towards developing future-ready institutions supported by strong risk management practices.