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Please assist in answering all questions below Risk management is a cornerstone of sound corporate governance, encompassing the identification, assessment, mitigation, and monitoring of various

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Please assist in answering all questions below

Risk management is a cornerstone of sound corporate governance, encompassing the identification, assessment, mitigation, and monitoring of various risks. Among these risks, credit risk stands out as a significant concern for companies. Poor risk management practices can leave a company vulnerable to credit risk, which can have severe consequences. Discuss in detail how inadequate risk management can make a company susceptible to credit risk and its potential repercussions

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