RSK4803 Assignment 3 (COMPLETE ANSWERS) 2024 - DUE 7 October 2024 ; 100% TRUSTED Complete, trusted solutions and explanations
RSK4803 Assignment 3 (COMPLETE ANSWERS) 2024 - DUE 7 October 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.
RSK4803 Assignment 3 (COMPLETE ANSWERS) 2024 - DUE 7 October 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.
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Risk Financing
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RSK4803 Assignment
3 (COMPLETE
ANSWERS) 2024 - DUE
7 October 2024 ; 100%
TRUSTED Complete,
trusted solutions and
explanations.
ADMIN
[COMPANY NAME]
,RSK4803 Assignment 3 (COMPLETE ANSWERS) 2024 -
DUE 7 October 2024 ; 100% TRUSTED Complete, trusted
solutions and explanations.
Question 1 22 marks 1.1 In a management meeting, it was
decided that the company needs to establish the risk
management function. However, there were different views
about the main objective of risk management. Choose the
correct view about the responsibility of risk management. (2) a.
The chief executive officer held that the responsibility of risk
management would be to assess, control and finance critical
risks facing the organisation and report the outcomes to the
board. b. The chief financial officer stated that the responsibility
of risk management would be to assess critical risks facing the
organisation and communicate the assessment to management
and the board. c. The human resources director argued that the
responsibility of risk management would be to compile a report
on all risk exposures of the organisation for reporting to the
board. d. The compliance officer emphasised that the
responsibility of risk management would be to provide
assurance about the management of risks to stakeholders of the
organisation. 1.2 Eskom, South Africa’s largest electricity
provider, navigates a challenging and promising environment in
its mission to deliver reliable and sustainable energy to the
nation. The utility’s handling of debts is crucial for its financial
stability, operational efficiency, and environmental impact.
Despite these factors, Eskom’s decisions regarding liabilities
play a pivotal role in its financial stability. Eskom's total
liabilities increased from R77,000 million in 2006 to R480,000
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