2022 - RISK APPETITE STATEMENT

2022 RISK APPETITE STATEMENT Risk appetite is an expression of the type and amount of risk that TRAFFIC is prepared to take. [...] The Executive Director can approve a higher score if satisfied that the results of the activity justify the risk and a mitigation plan is in place to minimise the risk as far is possible. [...] TRAFFIC Risk Appetite Statement | 1 Other risks Other risks with a residual score of 13 or greater can only be accepted if: • Confirmation from the risk owner that the objective to which the risk relates is of high strategic importance; for example, a short- term opportunity becomes available to work with a potential new long-term donor or be involved in activities with a key government agency tha. [...] Impact and Likelihood Impact Descriptor Score Consequences Insignificant 1 No impact on the organisation’s strategy or operational activities No impact on reputation Complaint unlikely/no stakeholder concern Litigation risk remote No financial impact Minor 2 Slight impact on the organisation’s strategy or operational activities Slight impact on reputation Complaint possible/low sta. [...] TRAFFIC Risk Appetite Statement | 4 risk appetite statement Risk appetite is an expression of the type and amount of risk that TRAFFIC is prepared to take.