Strategic Governance and Risk Management in The Cement Industry: Insights From Global Perspectives

Abstract

The cement industry plays a critical role in global infrastructure development but operates within a high-risk, resource-intensive, and environmentally sensitive context. This article explores the intersection of strategic governance and risk management in the global cement sector, highlighting how leading companies are responding to operational, regulatory, environmental, and reputational challenges. Drawing on international practices and frameworks such as ESG standards, COSO ERM, and ISO 31000, the study illustrates how robust governance structures and  risk strategies are driving resilience and sustainable value creation. The paper underscores the importance of integrating risk oversight into strategic decision-making. The findings suggest that good governance , stakeholder engagement are becoming essential pillars of modern governance in the cement industry, offering a roadmap for emerging markets to strengthen their  sustainability and competitiveness.