Preamble:
187. Business leaders should understand risk and how it can be measured, eliminated or mitigated. Risk management systems on an enterprise-wide basis should be independently assured for effectiveness in goal delivery.

Risk Management

Principles
188. The Board should ensure that principal risks are timely identified or detected and managed in order to mitigate or reduce damage and losses to the company.

189. The Board should establish an efficient and effective system for the day to day supervision of the company’s financial and business operations.