Q2 Explain the various kind of risk managers must take into consideration while designingpolicies.
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In line with the Company's objective towards increasing stakeholder value, arisk management policy has been framed, which attempts to identify the key events /risks impacting the business objectives of the Company and attempts to develop risk policies and strategies to ensure timely evaluation
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Explain the various kind of risk managers must take into consideration while designingpolicies.
Explanation:
The main categories of risk to consider are: strategic, for example a competitor coming on to the market. compliance, for example the introduction of new health and safety legislation. financial, for example non-payment by a customer or increased interest charges on a business loan.
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