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Aneala January Council Minutes Attendance:Leonie,Elizabeth S, Lokki, Richard, Nathan, Elizabeth R, Agostino, Gwyneth, Julian, Konrad, Galen, Slaine, Susanna, Panterra, IsoldeApologies: Wolfgang, Illaria,
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Identify the key business objectives and understand the context of your organization.
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Categorize the identified risks into different types (e.g., operational, financial, strategic, compliance).
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Document the principal risks in a structured way, highlighting their potential effects and any existing controls.
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Regularly review and update the risk assessment to reflect any changes in the business environment.

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Executive management teams to align risk management with strategic goals.
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Principal risks associated with a business refer to the major uncertainties or threats that could impact its financial performance, reputation, or operational capabilities.
Publicly traded companies and certain regulated entities are required to file disclosures regarding principal risks as part of their regulatory compliance and reporting obligations.
To fill out principal risks, companies should identify and describe their significant risks, assess their potential impact, and outline management's response strategies and risk mitigation processes.
The purpose of disclosing principal risks is to inform investors and stakeholders about the potential challenges the company may face and how those risks could affect its business operations and financial standing.
Companies must report the nature of the risks, their potential impacts, how risks are managed, and any changes to risks identified since the last reporting period.
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