- 10 Marks
SCS – July 2023 – L3 – Q4 – Controlling Risk
Prepare an internal memo on how SavvyTech's board can show commitment to risk management and create a risk-aware culture.
Question
Essential aspects of risk management and control are the culture within the organisation. The culture within the organisation is set by the board of directors and senior management (the tone at the top), but it should be shared by every manager and employee.
Required:
You are the ‘Risk and Assurance Manager’ of SavvyTech plc with the responsibility of creating a culture of risk awareness in the organisation. Prepare an internal memo for the management team to be discussed with the board of directors on what they must do to show their own commitment to risk management in the things that they say and do.
Find Related Questions by Tags, levels, etc.
- Tags: Organizational Culture, Risk Management, Tone at the Top
- Level: Level 3
- Topic: Controlling Risk
- Series: JULY 2023
