Transcription of POLICY TEMPLATE ENTERPRISE RISK MANAGEMENT
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POLICY TEMPLATE ENTERPRISE RISK MANAGEMENT
1 POLICY TEMPLATE ENTERPRISE RISK MANAGEMENT Category: Operations Approval: Board of Governors Responsibility: Vice President, Finance and Administration Date: December 6, 2013 Definitions: Risk: is the chance that an event, trend or course of action will have either a positive or negative effect on an institution s ability to meet its strategic or operational objectives. Activity Risk MANAGEMENT : is the process of identifying, analyzing and managing risks. It provides the methodology for integrating risk into planning and decision making processes at the operational level. ENTERPRISE Risk MANAGEMENT : is the process of identifying, analyzing and managing strategic risks. It provides the methodology for integrating risk into the strategic pla nning and resource allocation processes at the strategic level.
is the chance that an event, trend or course of action will have either a positive or negative effect on an institution’s ability to meet its strategic or operational objectives
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