About Lesson
Any risk that does not have a direct financial impact, though typically has indirect financial consequences
Legal
Compliance and regulatory
Reputational
Conduct
As we mentioned before, business risk is simply the risk of something going wrong that could cost the company money
-Legal – litigation or legal issues
-Compliance – not complying with laws or regulations
-Reputational – loss of customers, sales
-Conduct risk – knowing you are doing the right thing for your customers and employees
-Becoming more important
Click to rate this post!
[Total: 0 Average: 0]