Risk appetite / Risk team structure [47]

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Bullet points include: As risk is defined by its potential to threaten achievement of business objectives, these objectives need to be clearly stated Corporate Risk Management Group found they were not always clearly articulated Workshop process helped achieve clarity Likewise, risk tolerances, i.e. guidelines that establish levels of unacceptable exposures to any given risk Defined on a five-point scale Through workshops, a common understanding was developed on how to categorise risk impacts Provincial profile; several opinion publicly critical Local profile Letter to government or senior mgmt

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