Risk Management Business Assignment
Introduction (150 words)
Part A. Governance of Corporate Risk (1200 words)
Investigate and discuss your selected organisation’s current risk framework, including a discussion of the board committee responsible for risk management.
Identify at least 7 risks (i.e. at least one from each of the strategic, management-level and operational areas) for your chosen organisation using any method we learned in Module 5. Assess and evaluate the recognised risks by their impact and probability (allocating a level from 1 to 5) and use the tool provided in Activity 5.2: Risk recognition, evaluation and mapping to map the risks into a risk matrix. Finally, discuss appropriate risk management policies for four of the seven identified risks. Hint: see Corporate Governance in Action 8.2: Levels of risk management policy in a London finance house, pages 214-215 of the textbook. Risk Management Business Assignment
Part B. Corporate Social Responsibility (CSR) and Sustainability (1200 words)
Discuss the relevant board committee and the conformance and performance functions of your selected organisation’s board in its CSR and sustainability.
Critically evaluate and discuss the CSR and sustainability practices at your selected organisation and how such practices affect its short-term and long-term performance/goals.
In discussing the risk governance and CSR practices, discuss relevant corporate governance principles and theories that are applicable. Where possible, draw out and discuss the implications of your findings for the conformance and performance functions of the board.
Part C. Board recommendations (300 words)
Provide constructive suggestions for improvement in risk governance and CSR to the board of the chosen organisation. Conclusion (150 words) Risk Management Business Assignment