WHITE PAPER ON SCREENING
Cliffe Dekker then notes that in terms of the King Report, a company’s board is
responsible for ensuring that the company has implemented an effective ongoing
process to identify risk, measure its potential impact against a set of
assumptions, and then activate what it believes is necessary to proactively
manage these risks.
The board should therefore decide on what risk that company is prepared to take
and what risks it will not take in pursuance of its goals and objectives. Further,
risk assessment should address the company's exposure to, among other risks,
those in the form of human resources risks.
Tuesday, April 1, 2008
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