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QUESTION 1 (10 marks) En. Samad has just been appointed as the new CEO of SXZ Ltd Co. He approaches you as the risk manager

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QUESTION 1 (10 marks) En. Samad has just been appointed as the new CEO of SXZ Ltd Co. He approaches you as the risk manager to gain a better understanding of the implementation of Enterprise Risk Management (ERM) in the company. a) Explain to En. Samad why it is necessary to manage risk. (4 marks) b) Identify the FOUR (4) main categories of strategies for managing risk. (2 marks)

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