You are the risk manager for the Coles Group. The Chief Risk Officer (CRO) has asked...

 

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You are the risk manager for the Coles Group. The Chief Risk Officer (CRO) has asked you to prepare a risk paper for the next Board meeting, given the recent appointment of three new directors to the Board. The CRO has asked that in preparing the paper, you research the company's website, annual reports, and any relevant media articles. The CRO requires you to focus on the following items in your Board paper. 1. Outline recent major developments in the company's external environment relevant to its strategy. Relate the developments to the relevant specific strategic objectives addressing the following: a. General Environment, and b. Industry/Competitive Environment. 2. Identify the top seven risks based on inherent likelihood and consequence. Include a description of the risk and explain your reasoning why you have selected each risk as being the most important to actively manage. 3. Outline some key risk treatment strategies that have been used to manage these risks or additional strategies that may be adopted. 4. Identify key performance measures/metrics that can be used to ensure the strategic objectives are achieved. You are the risk manager for the Coles Group. The Chief Risk Officer (CRO) has asked you to prepare a risk paper for the next Board meeting, given the recent appointment of three new directors to the Board. The CRO has asked that in preparing the paper, you research the company's website, annual reports, and any relevant media articles. The CRO requires you to focus on the following items in your Board paper. 1. Outline recent major developments in the company's external environment relevant to its strategy. Relate the developments to the relevant specific strategic objectives addressing the following: a. General Environment, and b. Industry/Competitive Environment. 2. Identify the top seven risks based on inherent likelihood and consequence. Include a description of the risk and explain your reasoning why you have selected each risk as being the most important to actively manage. 3. Outline some key risk treatment strategies that have been used to manage these risks or additional strategies that may be adopted. 4. Identify key performance measures/metrics that can be used to ensure the strategic objectives are achieved.

Answer rating: 100% (QA)

Risk Paper for Board Meeting 1 Recent Major Developments in the Companys External Environment a General Environment Economic Conditions Highlight any economic trends impacting consumer spending habits ... View the full answer