Operational risk: Difference between revisions
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Operational risks include - among others: | Operational risks include - among others: | ||
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*Systems risk | *Systems risk; | ||
*Legal risk and | *Legal risk; and | ||
*Weather risk | *Weather risk. | ||
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* [[Guide to risk management]] | * [[Guide to risk management]] | ||
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Revision as of 10:47, 18 July 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.
