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ERM concepts and Risk categorisation [34]

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Bullet points include: Leverage existing resources Another possible barrier is belief that lots of outside expertise is needed Build on existing risk management activities Don’t reinvent the wheel, utilise and leverage existing risk related activities Embed ERM into the business fabric Needs to be a management process ultimately owned by CEO and involving people at every level of organisation Provide ongoing ERM updates and continuing education for directors and senior management ERM is an evolving process

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