Assume you have been appointed as Compliance Officer of a company which is listed on the Australian Securities Exchange (ASX). The company has a very rudimentary internal risk management policy. The Head of Compliance wants to know from you whether there are current corporate governance principles and what the company should undertake in the financial year 2016/2017regarding risk management. Go to the ASX website (www.asx.com.au) and try to find the current corporate governance principles and recommendations regarding risk management. What would you tell the Head of Compliance in a 2 minute briefing about ASX Corporate Governance Principle 7 so that appropriate steps will be taken 300 words