ANA, SA: a risk management approach

Abstract

In 2007, following a series of sector transformations and wanting to be up to speed on industry best practices, ANA – Aeroportos de Portugal, SA, the Portuguese airports manager, adopts an Enterprise Risk Management (ERM) model. In 2009, with a challenging new regulatory model in sight and the idea of an imminent privatization, the company reassesses and restructures the model. This case study follows this transition process, the implementation of the new ERM model and the intricacies brought by the new regulatory model.