Governance of Risk
Establish and maintain transparent and formal structures and policies in relation to risk and internal controls
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Identify and assess the risks inherent in the organisation’s business model
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Monitor the organisation’s exposure to risk and the key risks that could undermine its strategy, reputation or long-term viability
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Oversee the effectiveness of management’s internal controls and mitigation processes and monitor organisational compliance
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Ensure the organisation has effective business continuity and crisis management systems
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Reporting to stakeholders on risk, the mitigation of risk and internal control
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Set and instil the right culture throughout the organisation
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