please answer the following for risk management : Introduction: The Steinhoff saga is widely regarded as one of South Africa's most significant corporate scandals, impacting the company's financial stability and tarnishing its once-sterling reputation. The scandal, which came to light in December 2017, revealed accounting irregularities that led to an 85% drop in Steinhoffs share price within days, causing significant losses for investors, pension funds, and employees. This case study provides an opportunity to explore the key elements of corporate governance, risk management, and the role of leadership in preventing corporate fraud. Case Study Context: Steinhoff, a global retailer, had operations spanning multiple countries and industries, from furniture and household goods to general merchandise. Despite its rapid growth and successful international expansion, the company faced increasing scrutiny over its aggressive acquisition strategy and opaque financial practices. As investigations into its financial dealings unfolded, it became clear that Steinhoff's leadership had failed to uphold good governance principles, leading to catastrophic financial and reputational damage. This case study will examine the role of risk management and corporate governance in the Steinhoff scandal, focusing on how the failure to identify and mitigate risks contributed to the company's downfall. Read the full article by following the link below or retrieving the article from any scholarly database using the reference below. QUESTION 11.1 Define risk management and its relevance to Steinhoff International 5 MARKS 1.2Why is a sound risk management framework crucial for a company like Steinhoff operating in multiple countries and industries? 5 marks 1.3Explain the importance of corporate governance in maintaining investor confidence and preventing corporate scandals. Use examples from the Steinhoff case 5 marks 1.4Define Enterprise Risk Management (ERM) and discuss how an effective ERM framework could have helped Steinhoff identify and mitigate the risks associated with its aggressive acquisition strategy 5 marks 1.5Objectives of Risk Management What were Steinhoffs primary risk management objectives, and how did they fail to meet these objectives? 10 marks 1.6Risk Identification Discuss how Steinhoff could have better identified both macro and micro risks, particularly in its international acquisitions. 10 marks 1.7Risk Evaluation Explain how Steinhoff could have evaluated the identified risks, focusing on loss measures, probabilities, and the creation of a risk profile 10 marks 1.8Governance and enterprise risk management Describe two (2) approaches in implementing enterprise risk management that Steinhoff should have adopted to mitigate financial and reputational damage. 10 marks