RISK MITIGATION STRATEGIES

Key Elements Include:

• Delegate responsibility for risk ownership and monitoring.

• Develop hedge strategies for financial risks that can be mitigated with financial derivatives, or for risks that can be shared through insurance products.

• Quantify risks where possible, but make qualified statements where not quantifiable such as:

  • Potential regulatory changes.

  • Political instability.

  • Technological disruption.

  • Environmental impact.

  • Public perception.

  • Cybersecurity.

  • Natural disasters.

  • Supply chain disruptions.

  • Human capital and expertise.

• Establish mitigation strategies for closely monitored risks.