Risk management—code of ethics
Published by a LexisNexis Risk & Compliance expert
Last updated on 24/07/2020

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  • Risk management—code of ethics

Risk management—code of ethics

Risk is part of everything we do. Managing risk improves the way we deliver our business and plays a key role in helping us achieve our strategic objectives and avoid unwelcome surprises. Good risk management should be an integral part of everyday business.

Risk is not easily defined but generally it is the possibility of an adverse or unwelcome outcome. This could be a financial loss but it could also be something less quantifiable, such as damage to [insert organisation's name]’s reputation.

Risk management is not about avoiding risk or being risk averse (it is often said that the reward for risk is profit), nor should it be performed simply as a tick box compliance activity.

We encourage innovation and the

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Key definition:
Risk management definition
What does Risk management mean?

A system which identifies, assesses and prioritises risk and identifies resources to minimise, monitor and control it.

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