best-in-class policy ERM study

best-in-class policy ERM study.

Please answer ONLY #3+4 from the questions below with about 300 words for each question. Use APA format references for each question too. Thank you! Here’s the book needed: https://drive.google.com/file/d/1e9pZ36T5hmliyvqBS…

1. What is the linkage at JAA between the strategic objectives, context, stakeholders, and risk criteria? Support your comments with specific examples of the link in these four areas.
2. Why is it important that risk criteria be created as per JAA? Do you think it is possible for any reasonable risk treatment plan to be in place without creation of such criteria?
3. Review the risk management policy in Appendix B and describe the kinds of things that constitute a best-in-class policy.
4. What other types of general or specific polices can you describe to manage risks?
5. Why is it that “tone at the top” and a strong risk culture are critical components for a company’s success, such as what you see at JAA?

PAGES TO REFERENCE TO FOR THE QUESTIONS:

Developing Accountability in Risk Management: The British Columbia Lottery Corporation Case Study

• Chapter 10 – Page: 179

JAA Inc.—A Case Study in Creating Value from Uncertainty: Best Practices in Managing Risk

• Chapter 22 – Page: 427

best-in-class policy ERM study

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