- Improve HD Faculty™'s execution plans through informed persons that understand the
nature and extent of the respective risk and impact that it would have on HD Faculty™;
- Establish and maintain risk monitor gauges that will identify, quantify and
demonstrate HD Faculty™'s understanding and its effectiveness in respect to risk
mitigation and control;
- Provide the Board of Directors with demonstrated assurance about HD Faculty™'s
risk management achievements pertaining to its goals, purposes and objectives;
- Establish, maintain and update its policies, procedural guidelines and information
system regularly in respect to the:
- Objectives of the Risk Management Program;
- Identification and classification of risk factors;
- Prioritization of the risk factors;
- Assessment and evaluation of the respective risk;
- Quantifying the risk in a concise format;
- Developing and/or redeveloping a risk mitigation and control system;
- Developing and/or redeveloping a risk monitor and performance indication system; and
- Establishing and maintaining a risk management system that enables HD Faculty™ and its clients
to continuously improve the risk exposure through the exploitation of items (v), (vi), and
(vii), above.
- Objectives of the Risk Management Program;
Loss Prevention Program Criteria. The criteria for determining whether a particular action in HD Faculty™'s loss prevention program should be taken, are divided into monetary and non-monetary.