Risk appetite / Risk team structure [44]

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Bullet points include: Followed conventional format Beforehand, a list of some 80 potential risks or threats developed and e-mailed to management team of subsidiary Each member of management team asked to choose the ten most critical risks facing the company Based on these choices list of top eight risks  prepared Each of these risks then discussed one at a time at the workshop Relative importance voted upon, using ‘Delphi Method’, includes facilitated discussions and iterative anonymous voting technology to identify and prioritise risks based on magnitude and probability, and to evaluate quality of control

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