Thinking about risk
It is essential that the Board’s attitude to risk is communicated to the whole organisation and applied in decision making regarding the prioritisation of policies and the funding that goes with them.
This guidance provides an overview of the concept of ‘risk appetite’ and aims to help you refine the application of your organisation’s risk appetite so that risk judgements are more explicit, transparent and consistent, in the hope that it will enable you to have the best opportunity of achieving your corporate goals.
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