Transcription of BS 31100:2011 Risk management Code of practice and ...
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This British Standard gives recommendations for implementing the principles and guidelines in BS ISO 31000 :2009, including the risk management framework and process. It provides a basis for understanding, developing, implementing and maintaining proportionate and effective risk management throughout an organization, in order to enhance the organization s likelihood of achieving its British Standard is intended for use by anyone with responsibility for, or involved in, any of the following:a) ensuring an organization achieves its objectives;b) ensuring risks are proactively managed in specific areas or activities;c) overseeing risk management in an organization;d) providing assurance about the effectiveness of an organization s risk management ; and/ore) reporting to stakeholders, through disclosures in annual financial statements, corporate governance reports and corporate social responsibility 31100:2011 Risk management Code ofpractice and guidance forthe implementation ofBS ISO 31000 BSI 389 Chiswick High RoadLondon W4 4AL United KingdomTel: +44 (0)20 8996 9001 Fax: +44 (0)20 8996 7001 Website: : 978-0-580-71607-2 Distributed by IT Governance Ltd (c) BSID istributed by IT Governance Ltd (c) BSIBS 31100:2011 Risk management Code ofpractice and guidance forthe implementation ofBS ISO 31000 Distributed by IT Gover
The principles in BS ISO 31000:2009 are as follows. a) Risk management creates and protects value. b) Risk management is an integral part of all organizational processes. c) Risk management is part of decision-making. d) Risk management explicitly addresses uncertainty. e) Risk management is systematic, structured and timely.
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