Risk Mitigation and the Corporate World
WHAT IS IT ABOUT?
When it comes to risk management in the corporate world, a variety of strategies must be considered in order to mitigate any potential risks. This questionnaire explores different regulations, insurance policies, and strategies your board of directors needs to know.
- The finance manager who needs to evaluate how to reduce financial risks
- The executive director who needs to understand changing regulations
- The compliance team that needs to ensure all protocols are met
- The operations department that needs to create strategies for managing risk
- The insurance advisor that needs to convince executives about the value of insurance
Assessing financial risk
Meeting legal requirements
After you have downloaded this questionnaire, you can - in your Toolbox - edit, add/delete, and translate questions & answers to your liking. Clicking the "Help me PRAIORITIZE" buttons in the Toolbox activates our A.I. to help you finish your masterpiece..
Q. What have you done to identify financial risks?
- We have no system in place
- We have conducted a basic assessment
- We have implemented a comprehensive risk management process that includes regular risk assessments
Q. What measures have you taken to review applicable laws?
- We aren't familiar with the relevant laws
- We've collected legal counsel to assess any updates
- We regularly evaluate and audit laws to ensure compliance
If you feel you need outside support after conducting your assessment, we recommend the firms that have written the below mentioned whitepapers. Not having a paper selected does NOT mean that a firm does not give good advice.
|RJ2014 02_Incentivising Risk Mgrs_Ipad.pdf
- Respondent profiles for a helicopter view of your audience.
- A maturity model with which algorithms calculate a six times smarter improvement target (compared to when you leave that to a human).
- Improvement suggestions (per question) how to move from one answer to another
- Suggested follow-on projects. After all, moving your organization from A to B might require more than just doing an assessment.