Risk appetite statement
Risk appetite statement

The following Risk & Compliance precedent provides comprehensive and up to date legal information covering:

  • Risk appetite statement

    1. 1

      Overall risk appetite

      [Insert organisation name] has a [low OR medium OR high] risk appetite overall. [Insert organisation name] will act in accordance with this risk appetite statement to achieve its strategic objectives.

    1. 2

      Risk appetite by category

      Risk categoryDescriptionExamplesOverall appetite for this category of risk
      StrategicRisks that could cause the business to fail or impede achievement of its strategic objectivesBusiness development, corporate governance, inadequate succession planning, mergers and acquisitions, new business lines, future-proofing, business location.
      Responsiveness to changes in the internal and external operating environments.
      Terrorism, earthquakes, pandemics, floods, fires, severe weather or volcanic activity at a key business location.
      Political, geo-political, or external stakeholder events affecting the organisation’s ability to achieve objectives.
      Customer-facing issues, eg changes in consumer preferences, competitor innovation, product liability, import

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