Assignment one is an individual assignment $($not group$)$ and each student must submit his$/$her original work. The assignment worth $10$ marks and counts for $(10\%)$ of the total marks for the course.LengthYour answer should be approximately $1,500$ words, not counting footnotes. Marks will be deducted if your answer is substantially more or less than the suggested number of words.Format A College of Business Administration $($CBA$)$ assignment cover sheet must be submitted with this assignment. A copy of the cover sheet can be downloaded from the blackboard site. Please complete the cover page, sign it and attach it to the front of your assignment. Your submitted work should at least include the following structure: Title page Table of contents Executive summary Introduction Main body of the report Conclusion ReferencesAssessment CriteriaThe following criteria will be applied in the assessment of this assignment:$($a$)$ identification and understanding of the relevant risk issues;$($b$)$ application of the risk concepts and standards to the facts and formulation of arguments;$($c$)$ general presentation, expression and logical development of the writings;$($d$)$ attention to style, setting out, spelling, grammar, correct citation of cases, standards andother sources; including conventional use of footnotes and a bibliography.Due DateAnswers to this assignment are to be submitted by $5\mathrm{.}00$pm Sunday $24$ March $2024$ Assignments must be submitted through the RISK$240$ assignment page in Blackboard.Penalty for late submissionAssignments submitted in late for which no extension has been granted will be penalised. Assignments submitted in late will receive a deduction of $2$ marks off the mark awarded for each day $($including Fridays and Saturdays$)$ or part thereof by which the assignments is late.ExtensionsStudents seeking an extension of time must obtain the written approval of their instructors prior to the due date for the assignment. Applications for extension will only be granted in exceptional circumstances and will be subject to the approval of the head of department. All applications for extension on the grounds of illness will be denied unless the student has a medical certificate.Return of marked assignmentsStudents will be advised via Blackboard or email when their assignment mark is ready for review.Plagiarism & CollusionYour answer to this assignment must be you own independent work. A warning regarding plagiarism and collusion is set out on the assignment cover page.YOU MUST KEEP A COPY OF YOUR ANSWER $1$Assignment QuestionYou are required to select three public listed companies or organizations $($listed in Tadawul$)$ in order to write a comparative analysis report about them. $($Note: Financial institutions including banks and insurance companies are not allowed$)($please consult the course adviser for suggestions if necessary$).$ By using published information in annual reports, corporate publications etc, you are required to complete the following:$($a$)$ Briefly describe the nature of the activities carried out by the three companies and the various parties that may be involved in or affected by these activities $($stakeholders$)$;$($b$)$ Compare and contrast the risk management framework adopted by the three companies, focusing on the following:$1-$ The risk management framework$/$standards adopted by each of the three companies and briefly highlight the main point;$2-$ Existing risk departments$/$units structures $($with highlighting roles and responsibilities$)$;$3-$ Applied risk control$/$mitigation approaches or strategies to deal with corporate risks.$($c$)$ Building on your comparison results, what are the advantages and disadvantages of the risk management framework adopted by the three selected companies?$($d$)$ From the comparative analysis identified in parts $($c and d$)$ above, suggest one residual risks that pose a significant threat of unexpected disruption for each one of the three businesses. Include details of how the residual risks identified might arise and how the adopted risk management framework would normally deal with it$.$