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People also ask
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What is a risk committee?
The Risk Committee (the “Committee”) is an independent committee of the Board of Directors that has, as its sole and exclusive function, responsibility for the oversight of the risk management policies and practices of the Corporation's global operations and oversight of the operation of the Corporation's global risk ...
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What is the mandate of the risk committee?
The Committee monitors compliance with risk management policies implemented by the Group and ensures an appropriate balance of risk and return in pursuit of the Group's strategic business objectives.
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What should be discussed in a risk committee meeting?
During a risk committee meeting, each of the top risk owners speak to each of their risks and the plans to address said risks. In some cases, the management level risk committee may make changes to those top risks prior to their approval.
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What are the benefits of a risk committee?
Why are risk committees important? Risk identification and assessment. ... Risk mitigation and response. ... Risk governance and oversight. ... Stakeholder confidence. ... Board-level reporting. ... Risk awareness culture.
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