IRM tackles thorny issue of risk appetite in new consultation paper
IRM issues guidance for boards of directors of listed companies on how to set risk appetite and tolerance
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
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