This sample outlines a set of policies and procedures for a common and systematic approach for managing risk across a company. This approach increases risk awareness, ensures the appropriate management of risks, and makes the business unit risk profiles transparent, thus enabling risks to be compared and aggregated and allowing one to take a portfolio approach to risk management.
This policy sets out the risk management objectives and requirements for the company’s business units. Management is expected to conduct structured risk management in accordance with this policy. The policy is applicable to all of the company’s business units and divisions.