Risk Management Framework and Policy

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Risk Management Framework and Policy December 2019 GPE Risk Management Framework and Policy | Page 2 Table of Contents List of Acronyms ........................................ ........................................ ............................. 3 Introduction to GPE ........................................ ........................................ ....................... 4 PART 1: GPE RISK Management Framework ........................................ ...... 5 1. Purpose and expected benefits of the Framework ........................................ ........... 5 2. Components of the Framework ........................................ ........................................ 6 Risk Appetite 7 GPE Three Lines of Defense Model.

GPE Risk Management Framework and Policy | Page 8 The risk appetite statement, available in Annex 1, is defined at the GPE goals and objective levels on a five-point scale between zero risk appetite and high-risk appetite (see figure 1 below). The risk appetite represents the willingness of the Partnership to be

  Management, Risks, Framework, Risk management framework, The risk