GRC

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Across
  1. 3. Objectives
  2. 5. Risk coming from People, Systems and processes
  3. 7. … Wealth Maximization: Also known as the Anglo-Saxon Governance model
  4. 9. … Wealth Maximization: Also known as the German-Japanese Governance model
  5. 11. analysis of a company's vulnerabilities,
  6. 14. One of the principles of Governance. A systems in place to insure no conflict of interest
  7. 16. One of the principles of Governance. A system is put in place to satisfy the rights of all stakeholders with equity
  8. 17. Risk assessment matrix
  9. 18. One of the principles of Governance. A systems in place share information accurately and candidly to the public
  10. 22. Tolerate the Risk / live with it
  11. 23. Avoid or eliminate the risky step from your way to achieve your objective
  12. 24. One of the major Board committees related to Governance
  13. 25. Process by which organizations identify and meet their obligations  arising in law, or internal standards
Down
  1. 1. Management philosophy based on expecting uncertainty as part of the game and accepting it
  2. 2. Probability of an event happening. Used in the measurements of the risks
  3. 4. P in PESTLE acronym linked to External factors that would impact a company
  4. 6. Management philosophy related to reconiliation of the willingness and ability to take risks
  5. 8. German governance model based on having a supervisory Board and a Management Board
  6. 10. S in PESTLE acronym linked to External factors that would impact a company
  7. 12. Move the Risk to a third party
  8. 13. The damage that can occur to a business when it is negatively perceived
  9. 15. Effect of an event happening. Used in the measurements of the risks
  10. 19. P in SSOP acronym linked to Internal factors that would impact a company
  11. 20. Management philosophy based on the avoidance of risk as a core objective
  12. 21. Set controls to achieve objective but decrease likelihood of risky outcome