Cher Bourg Stocks

Risk Management

Risk management is the process of identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events. It involves systematic approaches to manage uncertainties, ensuring that potential risks to an organization’s assets, operations, or objectives are addressed effectively. This can include both the avoidance of risks and the development of strategies to mitigate their effects should they occur. Risk management encompasses various disciplines, including financial risk, operational risk, strategic risk, and compliance risk, among others, and is crucial for achieving organizational objectives while safeguarding resources and enhancing decision-making processes.