Risk appetite: Difference between revisions
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imported>Doug Williamson m (Link with new page Risk averse.) |
imported>Doug Williamson m (Add Corporate Strategy to page categorisation.) |
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[http://www.theirm.org/knowledge-and-resources/thought-leadership/risk-appetite-and-tolerance/ Risk appetite and risk tolerance: Practical guidance], www.theirm.org | [http://www.theirm.org/knowledge-and-resources/thought-leadership/risk-appetite-and-tolerance/ Risk appetite and risk tolerance: Practical guidance], www.theirm.org | ||
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Revision as of 14:55, 30 June 2014
Broadly the amount of risk that an organisation is willing to accept in pursuit of value, improved financial performance or of other benefits, with management responsible for setting boundaries or parameters for risk taking.
Any risk responses should be designed such that the 'net' (residual) risk after considering controls does not exceed these boundaries.
See also
Other links
Risk appetite and risk tolerance: Practical guidance, www.theirm.org
