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Risk appetite / Risk team structure [45]

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Bullet points include: Preliminary action plans were discussed and ‘Champions’ identified with responsibility of developing more concrete plans Discussions allowed issues to be addressed that managers had thought about but never openly discussed Concerns about some risks were allayed and new risks identified Initiated a common understanding of risks and of a corporate plan for prioritisation of resources and actions Executive Risk Committee debriefed Pilot study considered a success and CRO presented ERM Policy and Framework to Audit and Finance Committee of the Board for approval

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