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Risk-Management-Case Study Answers
Risk-Management-Case Study Answers
1.1 At the Board Meeting, the following details should be presented regarding key risks affecting XYZ
Textiles Ltd.:
- Analysis of any emerging risks that may affect the company's objectives.
- Overview of the effectiveness of the risk management framework and procedures in place.
1.5 (a) the risk of the portfolio which is dependent on assets within the portfolio
1.6 (a) conditions imposed by the lender on the borrower that certain activities will or will not be carried
out.
1.7 (b) the amount of capital needed to ensure the solvency for a given risk profile.
1.9 (a) a fraud technique to get access to the victim's computer systems.
1.10 (a) Principal or interest payment not overdue for more than 30 days.
1.11 (d) Meets periodically with the board and risk committee without executives or management
present.
2.
2.1 Chief Risk Officer's Report:
(a) Defining stakeholders involved and assessing the impact upon them:
- Stakeholders: AFL Board of Directors, Ministry of Health, NGO "Nasha Mukt," health professionals,
consumers, shareholders, employees, neighboring countries (Bangladesh, Pakistan, Nepal), regulatory
authorities.
- Impact: Potential impact on sales, reputation, regulatory compliance, public health, investor
confidence, employee morale, international relations, and market expansion plans.
- Impact Areas: Sales, reputation, regulatory compliance, public health, investor confidence, employee
morale, international relations, and market expansion plans.
- Risk mitigation strategies, product reformulation, regulatory compliance measures, public relations
campaigns, stakeholder engagement, research and development for safer alternatives.
- Assessment of the current state of risk management practices, alignment with industry standards,
effectiveness of risk communication and reporting, integration of risk management into decision-making
processes.
(e) Techniques that can be used to track the progress of Risk Management:
- Key performance indicators (KPIs), risk dashboards, regular risk assessments, trend analysis,
benchmarking against industry peers.
- Enhanced data security, improved transparency, real-time transaction verification, reduced fraud,
streamlined processes, cost savings, increased trust among stakeholders.
2.2 (a) One may have uncertainty without risk but risk without certainty.
3.
3.1 (a) Overseeing the process of disclosure and communications
3.2 (c) 8%
3.9 (b) the primary long-term purpose, objectives and direction of business;