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4. Risk communication integrated into decision-making processes
This section details and illustrates the principles of the standard ISO 31000 :2018 the positioning of risk management within corporate governance.
4.1 Comitology and risk governance: deciding and monitoring the appetence framework
The risk management function operates on a top-down basis with the organization's various political and operational governance bodies. This depends on the level of organization of this governance. The table at 10 provides illustrations of the positioning and role of risk management within different bodies.
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Risk communication integrated into decision-making processes
Risk management that explicitly takes uncertainty into account
Bibliography
Standards and norms
- Risk management – Guidelines. - ISO 31000 :2018 - Février 2018
- Risk management – Risk assessment techniques – Risk management – Risk assessment techniques. - NF EN IEC 31010 - Août 2019
Regulations
European Directive 2009/138/EC – Solvency II of November 25, 2009 on the taking-up and pursuit of the business of insurance and reinsurance.
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