ERM Principles Of Components Flashcards
1
Q
Culture and governance
A
Define culture
Oversight board
Core values
Attract, develop, retain employees
Operating Structures
2
Q
Strategy and Objective Setting Principles
A
Evaluate other strategies
Business objectives
Analyze business context
Risk appetite
3
Q
Performance Principles
A
Portfolio view
Assess security of risk
Prioritize risk
Identify risk
Respond to risk
4
Q
Review and Revision Principles
A
Substantial change assessment
Improve ERM
Review risk performance
5
Q
Info, Communication, and Reporting Principles
A
Leverage IT
Communicate risk information
Reports risk performance
