(07) 3025 3220
Internal and External Risks
Are you aware of your obligations as an Owner/Director/Manager?
Does your business meet all its compliance obligations under the various laws and regulations applicable to your business?
Are your staff following the Company’s Policies and Procedures as defined by you?
Do you understand what risks can impact your ability to meet your compliance obligations for the business now and in the future?
Compliance can be classified as a form of risk management as most of the risks to be managed are based on or created by the company’s policies or by laws and regulations.
Gibsons can assist your business to manage the risks to the business and manage noncompliance by:
- Defining and clarifying what your obligations are,
- Determining how the laws and regulations apply to you, and by
- Foregrounding the risks inherent in preventing you meeting your obligations.
These risks maybe internal or external risks, but either way they must be managed.
There are different risk types: Hazard Risks, Operational Risks, Financial Risks, and Strategic Risks.
The risk management process involves the following to:
- Identify, characterise, and assess threats,
- Assess the vulnerability of critical areas of the business to specific threats,
- Determine the risk (i.e., the expected consequences of specific types of attacks on specific areas of the business),
- Identify ways to reduce those risks, and
- Prioritise risk reduction measures based on a strategy.
From our Customers
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Phone (07) 3025 3220
Interested in Gibsons Risk Management Assistance?