governance::risk
Risk
Risk is the possibility that an event or decision will prevent the organisation from achieving an approved business objective, expressed as the combination of likelihood and impact on that objective.
- Owner
- Chief Risk Officer · Accountable for enterprise risk taxonomy
- Version
- v2 (eff. 2026-04-30)
- Status
- Approved canonical
Applicable contexts
- Enterprise risk reporting
- Board and committee papers
- Risk appetite statements
- Internal audit scoping
Provenance
- Enterprise Risk Management Policy ERM-01 — Section 3.2 — definition of risk for governance reporting
- Board Risk Committee minutes — 12 Apr 2026 — Approved harmonised definition across business units