QUESTION THREE

Discuss the concept of risk transfer as a risk treatment option and develop examples of two alternative possible risk transfer mechanisms that Bubbles PLC could consider for transferring strategic, operational, change and unforeseeable risks. (20 Marks)

QUESTION FOUR

1. What are the organizational structures, designs, processes, or best practices that you believe are key for effective ERM implementation? (10 Marks)
2. A strong risk awareness culture is vital for the success of ERM. How would you identify whether there is a strong or weak risk awareness culture. In creating and strengthening the risk awareness culture, what elements would you focus on?

(10 Marks)

[TOTAL: 20 MARKS]