Principal and Emerging Business Risks: A Practical Guide to their Significance, Identification and Management through the Lens of Process Mapping

This book provides listed and limited companies with guidance on the preparation of principal and emerging risks critical to their longevity, performance, reputation and profitability.Principal risks are not prepared in a vacuum and hence their context is described in terms of a risk strategy, policy, framework and process as well as the roles and responsibilities of the board, the audit and risk committee, business units, and the risk function (against the backdrop of the UK Corporate Governance Code 2024).It looks at the rationale for the selection of the principal risks to report, who the prime audience is, readership and the message they provide.The book examines the format of principal risks, how they are reported year-on-year, and the reliance that investors can place on transparency.Evidence has shown, following high profile company collapses, that companies that have not given adequate attention to their principal and emerging risks have paid a very heavy price. Principal and E