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Mandate
Loss prevention program criteria
Risk management strategy
Internal audit
Home > Investor Relations > Risk Management Discussion > Risk Management > Mandate

Mandate
The Risk Management Team has been mandated to:

  1. Establish Key Elements;
  2. Prioritize Objectives (Reward Realization);
  3. Identify Threats and Opportunities;
  4. Separate and Reorganize Acceptable Risk;
  5. Establish set priorities in line with the risk mitigation programs designed to avoid HD Faculty™ from risk exposures;
  6. Develop sustainable capability through alliances with governmental and institutional entities that will increase confidence in HD Faculty™'s ability to fulfil its business objectives and purposes, on time, each and every time;
  7. 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™;
  8. 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;
  9. Provide the Board of Directors with demonstrated assurance about HD Faculty™'s risk management achievements pertaining to its goals, purposes and objectives;
  10. Establish, maintain and update its policies, procedural guidelines and information system regularly in respect to the:
    1. Objectives of the Risk Management Program;
    2. Identification and classification of risk factors;
    3. Prioritization of the risk factors;
    4. Assessment and evaluation of the respective risk;
    5. Quantifying of the risk in a concise format;
    6. Development and/or redevelopment of a risk mitigation and control system;
    7. Development and/or redevelopment of a risk monitoring and performance indication system; and
    8. Establishment and maintenance of 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.

 

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