2. Risk management: creating and preserving value
2.1 Implementing risk appetite: risk acceptance and limits
One of the key objectives of risk management according to the ISO 31000 :2018 is to define the way in which the function will enable value to be created, or at least preserved. The notion of safeguarding value is, in fact, entirely conceivable as part of the risk management process.
This can be illustrated, for example, by the risk transfer measures made possible by the introduction of insurance coverage. It can also take the form of the recovery of undue payments from customer collection processes, following a risk control action. Another example is the implementation of an anti-fraud program,...
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Risk management: creating and preserving value
Risk management integrated into organizational structures
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