Risk Appetite Statement (RAS), represents the nature and scale of risk an organization is willing to pursue in achieving its strategic objectives. What are some of the benefits of having RAS?
a) Strengthen governance and improve risk culture
b) Set a threshold that will guide all business decisions and risk-taking activities
c) Allow for good allocation of resources
d) Ability to translate Risk Appetite into business decision
Have you thought about what is the appropriate level of Risk for your Organisation?
#appliedriskmanagement #successwithvictory
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