IRM tackles thorny issue of risk appetite in new consultation paper

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The Institute of Risk Management (IRM) has released a consultation paper, Risk appetite and risk tolerance, which aims to develop guidance to organisations on the subject of risk appetite. The paper was issued in response to the UK Corporate Governance Code, which places a responsibility on boards of directors to determine the nature and extent of the risks they are willing to take to achieve their strategic objectives.

"We have seen people struggling to define and measure their appetite for

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