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#1 Posted : Friday, November 22, 2013 10:17:16 PM(UTC)

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Defining Your Risk Universe - A Rights and Obligations Approach to Identifying Enterprise Risks

This document is especially provided for organizations newly engaged in enterprise risk and looking for a structured methodology for developing a risk universe.

Developing and maintaining risk universe is a key building block for implementing a holistic risk management system. With some foresight, your risk universe can help you reassess the risks and rewards of your operating model, and optimize the boundaries of your organization or business based on these trade-offs, and provide a foundation for public filings (i.e. Item 1A of the 10K - Risk Factors). We share one idea in the attached document that will result in a Leadership Ledger to record the Rights and Obligations, Associated Risks, Risk Consequences, and Risk Indicators. This approach can help you think through the explicit and implicit trade-offs inherent in your organization, and point to opportunities to optimize its scope by replacing undesirable trade-offs with value added trade-offs.

A Pragmatic Approach to Defining Risk Universe

Edited by user Thursday, July 3, 2014 5:40:35 PM(UTC)  | Reason: New Content

Thank You
Risk Control Assoc. Admin
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