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ENVIRONMENTAL RISK MANAGEMENT AUTHORITY DECISION Amended under s67A on 6 September 2007 and 30 August 2011 22 February 2001 Application code Application typeApplicant Purpose Date application received
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The risk management approach is for identifying, assessing, and mitigating risks that may affect the achievement of objectives in an organization.
Organizations and businesses that are required to ensure compliance with regulatory standards or corporate governance policies typically need to file a risk management approach.
To fill out a risk management approach, organizations should outline their risk assessment process, identify potential risks, evaluate their likely impact, and describe the strategies for mitigating those risks.
The purpose of the risk management approach is to minimize the potential impact of risks on an organization's operations and to enhance decision-making and strategic planning.
The information reported on a risk management approach typically includes risk identification, risk assessment results, management strategies, and monitoring methods.
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