Significant Investment Decisions - Environmental Risk - Management Assignment Help

Assignment Task :

Risk Management Policy
Australian Hardware is committed to the effective management of risk, which is central to the continued growth and profitability of the company. The purpose of this policy is to ensure that:

• appropriate systems are in place to identify
• as much as is reasonably possible and practical
• risks that the company faces in conducting its business
• the potential impact of identified risks are understood and appropriate limits are set to assist in the management of exposures to those risks
• responsibilities are delegated to manage the identified risks

The Chief Financial Officer (CFO) is accountable for:

•  identification and management of risks including risks in relation to all significant investment decisions
•  appointing the system owners, through whom appropriate systems and procedures for the identification, reporting and management of risks are developed, implemented, maintained and reviewed
•  provision of reports to the board on performance in relation to identification, assessment and management of risks, including environmental risk

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