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 abou...
,QUESTION 1: 22 marks............................................................................................................... 2
1.1............................................................................................................................................2
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1.5............................................................................................................................................5
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1.8............................................................................................................................................7
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1.11.......................................................................................................................................... 9
Question 2: 20 marks Discuss the types of risk management failures in Matola Foods
Limited........................................................................................................................................ 10
Question 3: 8 marks Describe four risk categories included in the insurance and
reinsurance contracts............................................................................................................... 12
END............................................................................................................................................. 17
RSK4803 Assignment 3
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:
a. The chief executive officer held that the responsibility of risk
management
, b. The chief financial officer stated that the responsibility of risk
management
would be to assess critical risks facing the organization 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
organization for reporting to the board.
d. The compliance officer emphasized that the responsibility of risk
management
would be to provide assurance about the management of risks to
stakeholders
of the organization.
Answer:
The correct view about the responsibility of risk management is:
a. The chief executive officer held that the responsibility of risk management
would be to assess, control, and finance critical risks facing the organization
and report the outcomes to the board.
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
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