Operational risk: Difference between revisions
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imported>Doug Williamson (Link with Legal risk page.) |
imported>Doug Williamson (Expand and add links: source ACT ICM material p 17.6.) |
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Investors in companies generally expect the Board to mitigate or minimise these risks, to ensure that they cause as little harm as possible to the organisation. | Investors in companies generally expect the Board to mitigate or minimise these risks, to ensure that they cause as little harm as possible to the organisation. | ||
Operational risks include - among others: | |||
*Operations risk | |||
*Systems risk | |||
*Legal risk and | |||
*Weather risk | |||
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* [[Legal risk]] | * [[Legal risk]] | ||
* [[Market risk]] | * [[Market risk]] | ||
* [[Operations risk]] | |||
* [[Unrewarded risk]] | * [[Unrewarded risk]] | ||
* [[Rewarded risk]] | * [[Rewarded risk]] | ||
* [[Systems risk]] | |||
* [[Weather risk]] | |||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
Revision as of 11:35, 28 March 2016
Operational risk is the risk of adverse effects resulting from inadequate or failed internal processes, people and systems and / or external events such as adverse changes to the economic environment.
Investors in companies generally expect the Board to mitigate or minimise these risks, to ensure that they cause as little harm as possible to the organisation.
Operational risks include - among others:
- Operations risk
- Systems risk
- Legal risk and
- Weather risk
