Plz destinguish Risk appetite,risk attitude,risk strategy.

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    nasir riaz
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    Sir plz explain risk strategy.apetite,atitude and residual risk


    Avatar of MikeLittle
    MikeLittle
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    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


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    hnmty
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    Explain Bonus related pay to directors, benefits and disadvantages


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    MikeLittle
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    “Bonus related”? Or profit related?

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