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How We Manage Risk

Our risk management framework is designed to identify strategic and operational risks; to set our risk tolerance; and to ensure that risks are effectively managed and monitored.

In response to the 2015/16 Board effectiveness review findings and to ensure that the FRC is kept up to date with best practice in risk management, we have moved towards a more holistic approach to managing our risk. One of our priorities has been to continue to develop our risk aware culture, we are updating our risk architecture to continue to support better strategic and tactical decisions, adding value to the FRC.

Risk Management and Internal Control (PDF)