Sir plz explain risk strategy.apetite,atitude and residual risk
It all revolves around the TARA model – transfer, accept, reduce and avoid. Strategy – defined approach by management, appetite – how many risks are we prepared to take, attitude – similar to appetite, residual – that element of risk which we can do nothing about – eg volcanic ash
Explain Bonus related pay to directors, benefits and disadvantages
“Bonus related”? Or profit related?
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