Morrisons is a British supermarket chain. The company was founded in 1899 by William Morrison, who started the business as an egg and butter merchant in Rawson Market, Bradford, England. Morrisons has grown to become the fourth-largest supermarket chain in the United Kingdom. Supermarket Morrisons has been moving ahead strongly under chief executive David Potts, who came on board in 2015 to get the core operations back on track after several years of under-performance. The company operates over 498 stores and employs over 130,000 people. Morrisons is a publicly traded company that is listed on the London Stock Exchange.

The retailer is reportedly planning to convert the 1,000 McColls shops into the Morrisons Daily format within the next few years. Bolstered by soaring inflation and fuel sales, Morrisons total group sales came in at 18,390m over the 52 weeks to end October 2022 (FY2022)a 2.2% increase compared with sales of 17,980m in FY2021.

Requirement: Undertake an investigation on Morrison to evaluate their adopted risk management process, risk governance strategy and overall risk management systems over the period of 2019 2022.

Notes: Present all your critical analysis and results in a clear way highlighting any areas of concern and your recommendations.

Words limit = 2000 words (excluding tables and any computations; preliminary pages such as table of contents, abstracts and introduction; and references). Audited Accounts, Strategy reports published by the company, press statements are examples of available information to support an analysis of the companys approach to risk management. A peer comparison will also support your analysis.