| Corporate Risk Management Treatment Plan
The Corporate Risk Management and Treatment Plan is the ILC’s primary risk management policy document. The plan is endorsed annually by the Board.
The risk management programme is embedded into day-to-day practices so consideration and review of corporate risks is conducted throughout the year. At least once each year, the senior managers formally considers changes in the external environment, the nature of projects undertaken or proposed, lessons learned from evaluations, reviews and internal audits and revises the plan as necessary. Controls are reviewed and tested and treatment strategies put in place to reduce the likelihood and/or consequences of risks occurring.
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